Malpractice Update
Effective May 1, Cardiovascular Associates (CVA) elected to switch its malpractice coverage from SVMIC to Lexington Insurance.
Tim Attebery, CEO of CVA , conducted an extensive evaluation of Lexington and its relationship with AIG before discussing with CVA’s physicians and Board of Directors. His conclusion is that Lexington is financially sound, in fact quite strong. Furthermore, it is segregated and protected from the financial problems of AIG.
The recent formation of AIU Holdings, which includes Lexington and the other financially sound insurance company subsidiaries of AIG Commercial Insurance Group, adds further protection. Lexington’s financial soundness, plus the upfront savings of 25% of premium compared to SVMIC and the potential for a 50% profit share were the deciding factors. Tim said “CVA physicians, like many others, have strong loyalties to SVMIC but the savings was just too great to not change carriers. I also am impressed with the strong internal risk management program Lexington and HPI have established.”
CVA joins Bristol Surgical Associates (26% up-front savings) and Northeast TN Emergency Physicians (50% savings) in the HPI malpractice pool.
Several other practices have requested quotes. Our broker, Gary Rimler, is in town June 3 thru 5th and is available to meet with any practices that would like to learn more about the HPI/Lexington malpractice insurance option. Many medical groups have insurance renewals in July. Formal, customized quotes are available at no charge.
Please call Rhonda Hall at (423) 392-1920 to set up an appointment.
Tim Attebery, CEO of CVA , conducted an extensive evaluation of Lexington and its relationship with AIG before discussing with CVA’s physicians and Board of Directors. His conclusion is that Lexington is financially sound, in fact quite strong. Furthermore, it is segregated and protected from the financial problems of AIG.
The recent formation of AIU Holdings, which includes Lexington and the other financially sound insurance company subsidiaries of AIG Commercial Insurance Group, adds further protection. Lexington’s financial soundness, plus the upfront savings of 25% of premium compared to SVMIC and the potential for a 50% profit share were the deciding factors. Tim said “CVA physicians, like many others, have strong loyalties to SVMIC but the savings was just too great to not change carriers. I also am impressed with the strong internal risk management program Lexington and HPI have established.”
CVA joins Bristol Surgical Associates (26% up-front savings) and Northeast TN Emergency Physicians (50% savings) in the HPI malpractice pool.
Several other practices have requested quotes. Our broker, Gary Rimler, is in town June 3 thru 5th and is available to meet with any practices that would like to learn more about the HPI/Lexington malpractice insurance option. Many medical groups have insurance renewals in July. Formal, customized quotes are available at no charge.
Please call Rhonda Hall at (423) 392-1920 to set up an appointment.
Labels: Malpractice
posted by Highlands Physicians Inc. at
4:02 PM
0 Comments:
Post a Comment
<< Home