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.
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
