Boston-based medical malpractice insurer ProMutual Group said it will not increase rates this year for Massachusetts doctors and will pay a 6 percent dividend for a third straight year.
The company insures more than 7,500 physicians and surgeons in the Bay State.
“We are proud to be able to offer so many Massachusetts physicians and surgeons a dividend for the fourth consecutive year,” said Richard W. Brewer, president and chief executive officer for ProMutual Group. “We believe this dividend coupled with no rate increase is a testament to our effective communication with policyholders regarding important and relevant risk management practices.”
Topics Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Experian Launches Insurance Marketplace App on ChatGPT 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan 
