The MGIS Companies, Inc. (MGIS) and Freedom Specialty, a Nationwide Insurance company, have entered the Utah medical malpractice insurance market. MGIS provides a broad range of insurance products and services designed for physicians throughout the U.S. Headquartered in Salt Lake City since 1997, the company in partnership with Freedom Specialty will rovide Utah physicians with a local insurance partner for locally underwritten and cost-effective malpractice insurance.
With the recent acquisition of the former Utah Medical Insurance Association by MMIC Insurance, Inc., a Minnesota domiciled insurance company and the subsequent move of that company’s headquarters and leadership away from Utah to Minnesota, MGIS saw a strong need and opportunity to expand its footprint in its home state.
The MGIS Companies, Inc. is the provider of insurance products and services specifically for physicians. The company provides specialized group disability insurance, medical-professional liability insurance, and practice improvement ancillary products and services to more than 10,000 physician groups, 900,000 group members, and 300,000 physicians nationwide. The MGIS group disability policies are backed by Sun Life Financial. The MGIS medical-professional liability insurance policies are backed by Freedom Specialty Insurance Co., a Nationwide Company. MGIS works exclusively through local brokers and benefit advisors.