Malpractice insurer ProMutual Group recently announced a rate reduction for individual physicians and surgeons in the state of Pennsylvania. All individual professional liability policyholders will receive a 6 percent decrease in their base rate.
Rate changes became effective July 1, for both new and renewal policies.
Richard W. Brewer, president and CEO for ProMutual Group, said that the individual physician rate reduction was supported by objective data. However, one group, certified nurse midwives, was determined to require an increase above the current base rate, which will be a significant 150 percent increase.
Source: ProMutual Group
www.promutualgroup.com
Topics Pennsylvania
Was this article valuable?
Here are more articles you may enjoy.
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say 
Stomach Bugs, Not Hantavirus, Are the Bigger Threat on Cruises 
Half of Pilots Killed in US Accidents Tested Positive for Drugs 
Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling 
