ProMutual Group Holds Rates Steady

May 17, 2011

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.”

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