| Industry: |
Insurance |
| Revenues: |
Under $20 Million |
| Employees: |
Under 99 |
Description
MMIC has maintained an A. M. Best rating of "A" (Excellent) for 15 years. Currently, this is the highest rating a true physician-owned insurer like MMIC can attain from A.M. Best. To determine our rating, A. M. Best conducts a very thorough qualitative and quantitative analysis using more than 100 financial ratios. Earning a high rating means A. M. Best continues to recognize that MMIC's business strategy reflects its commitment to maintaining superior financial strength and to protecting its obligations to policyholders. The A.M. Best rating is the currently highest obtainable validation of MMIC's financial strength. MMIC has more than doubled its direct written premium since 2001 through the loyalty of its agent and broker partners. MMIC first wrote business with only a few agents and brokers in the late 1980s. In the mid-1990s, we expanded our relationship with them when we began writing hospital business. After PHICO's insolvency and the St. Paul Companies' withdrawal from the medical liability market in the early 2000s, our relationship with agents and brokers grew substantially. We owe a great deal of gratitude to our agent and broker partners for their efforts in presenting us with new, high-quality business opportunities and then helping us to develop long-term relationships with those policyholders.
Products & Services
medical malpractice insurance
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