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MedPro Group, formerly known as The Medical Protective Company, is a Berkshire Hathaway company and the largest provider of healthcare liability (medical malpractice) insurance in the United States. MedPro provides customized malpractice insurance, claims, and risk cover to physicians, surgeons, dentists and other healthcare professionals, as ...
The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest [2] medical professional liability insurance writer and has over $6 billion in assets. [3] [4]
During the mid-1990s the insurance market softened, so, in many cases, it was cheaper to purchase liability insurance through traditional insurance carriers. While many RRGs were formed during the decade, many more ceased operating. In the year 2000, the number of RRGs had only grown to 65 in the 14 years since the passage of the Act.
BOP is an insurance product usually required by business owners that bundles all major property and liability risks into a single package. Liberty Mutual to stop offering business owner's policy ...
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a ...
1902 - Founded as Physicians Mutual Insurance Company [5] by Edwin E. Elliott, Physicians Mutual began by selling health insurance to medical professionals. 1962 - Policies were offered to the general public. 1970 - The company expanded into life insurance when it founded Physicians Life Insurance Company. [1]
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