The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co.
The Deerfield Beach, Florida-based Physicians Insurance has been operating in the state since 2003. According to a 2011 Office of Insurance Regulation report, it had $8 million in annual premiums, representing 1.4 percent of the state’s market.
In addition to Physicians Insurance, TMLT has acquired several related businesses, including Managed Insurance Services, the National Institute of Quality Assurance, the Insurance Software Design, and Insurance Innovations.
TMLT is the largest medical liability insurance provider in Texas, providing insurance to 15,000 members of the Texas Medical Association.
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Approach $1M Average, Says Allianz 
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports 
Europe’s Insurers Cut Coverage of Weather Losses, Report Says 
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years 
