New Data Finds Missouri Professionals Mutual The Top Professional Medical Liability Carrier in Missouri National Association of Insurance Commissioners' Data Shows MPM Ranks # 1 in Direct Written Premiums
ST. LOUIS, Nov. 16, 2012 /PRNewswire/ -- Third-quarter data from the National Association of Insurance Commissioners (NAIC) reports that Missouri-based Missouri Professionals Mutual (MPM) is the top medical professional liability insurance company in the state. The company continues to be the first pick by physicians and surgeons in Missouri, as evidenced by its 36 continuous quarters as the medical professional liability carrier that leads Missouri in direct written premiums.
"MPM has always been committed to re-empowering Missouri physicians, and accordingly our loyal base of insured physicians recognize the effectiveness of our approach," said Timothy H. Trout, managing director of MPM. "Putting physicians' best interests first and continually seeking innovative ways to provide unique and forward-thinking coverage has made us the top carrier in the state, in spite of the unprecedented and unsustainable rate reductions by other companies competing to gain additional market share. We plan to continue to provide our insureds with financially sound and actuarially sustainable premiums to meet physicians' evolving needs now and in the future."
About Missouri Professionals Mutual
Established in 2003, MPM is Missouri's number one choice for medical professional liability insurance and provides comprehensive coverage to nearly one-third of all Missouri physicians. In pursuing its mission to re-empower Missouri physicians, MPM has functioned as a cost-saving catalyst by stabilizing the premiums paid by physicians and surgeons for medical professional liability insurance. The ongoing support of MPM's physician partners has made MPM No. 1 in market share, No. 1 in premium dollars, and No. 1 in membership statewide since its first year in business. MPM's innovative outsourced business model, combined with our commitment to writing only actuarially sound insurance policies and a best-in-class claims management team, has enabled MPM to prevail in the Missouri marketplace and enable Missouri physicians and surgeons to focus, worry-free, on what they do best: practice medicine. For more information visit mpmins.com.
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SOURCE Missouri Professionals Mutual