NCMIC Group, Inc. and Brown & Brown, Inc. announced that NCMIC Insurance Company will become the new carrier for the Lawyer’s Protector Plan® (LPP)® insurance program, effective as soon as new filings can be approved by the appropriate state insurance departments on or after Jan. 1, 2004.
The LPP is a professional liability insurance program offered by Brown & Brown, Inc., a publicly held insurance brokerage company. The LPP began operations in 1983 and has since reportedly become one of the largest providers of professional liability insurance to small to medium-sized law firms in the U.S., covering nearly 10,000 law firms in 46 states, the District of Columbia and Puerto Rico.
NCMIC Insurance Company has been providing professional liability insurance since 1946 and has been a reinsurer for the LPP® since January 2001 while also being the carrier on Brown & Brown’s Optometric Protector Plan® program for three years.
“We are very excited about our new partnership with NCMIC. The company has been a loyal supporter of the LPP and will help us remain true to our mission of being a stable provider of professional liability insurance coverage to law firms with nineteen or fewer attorneys,” said Stephen van Wert, executive vice president of Brown & Brown, responsible for the company’s Professional Programs in Tampa, Fla.
“Becoming the carrier for the LPP is a natural evolution for NCMIC, as the company has worked with the LPP as a reinsurer and has extensive experience as a carrier specializing in professional liability insurance. Taking this step enables us to further increase our presence in the professional liability market,” added Pat McNerney, president of NCMIC Insurance Company. “The LPP has top-notch lawyers heading the program’s management and claims teams, enabling us to provide the highest level of service to smaller law firms.”
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