CMIC, an A- (A.M. Best) rated company and member-owned medical professional liability insurance provider, announced that the overall rate indication for Connecticut and Massachusetts policyholders will remain unchanged for the upcoming 2017 policy year.
This marks the 13th consecutive year for stable rates in Connecticut and 6th consecutive year for stable rates in Massachusetts.
“Diligent and responsible underwriting practices have enabled us continue our lengthy history of consistent rates into 2017,” said CMIC Group CEO Denise Funk in a company press release. “As a mutual company owned by its membership, continuing to provide sound coverage at a reasonable, stable cost is what we aim to achieve year after year.”
CMIC insureds will also receive a dividend credit of 7.5%, effective with 2017 renewal. This is in addition to a variety of other credits offered by CMIC to eligible policyholders.
Source: CMIC Group
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