CEO’S MESSAGE
Introducing the best med-mal solution for physicians in Georgia Donald J. Palmisano Jr. dpalmisano@mag.org
B
ack in the 1980’s, the medical profession in Georgia came face-to-face with a malpractice insurance crisis. Given a shrinking pool of insurers and rising premiums, the Medical Association of Georgia took an active role in founding the professional liability insurer that is known as MagMutual today.
MAG and MagMutual have been great allies since the beginning. But on October 1, MAG’s marketing agreement with MagMutual came to an end – after it became evident that the two organizations were on different strategic paths. I would like to thank everybody at MagMutual, and I would like to wish them well. The trial attorneys have, unfortunately and not unexpectedly, been busy – and another potentially long-term med-mal crisis is in the works. Bolstered by court decisions that neutralized some of the tort reform victories we achieved in 2005, this includes the return of multi-million-dollar “jackpot” verdicts.
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Best) and AA+ (Standard & Poor’s) Has a pure consent to settle provision that gives physicians the right to refuse to settle a claim
· Has managed more than 400,000 claims since 1899 · Has a 90 percent trial win rate, and 80 percent of its · · ·
claims have been closed without payment
Offers Claims-made, Occurrence, Stand-alone Tail, and Convert to Occurrence® coverage options that give you the flexibility you need when it matters Offers prior acts and free tail coverage after just one year of becoming a MedPro insured Offers $50,000 cyber liability and data breach coverage at no additional cost
Insurance Agency, LLC
Rather than hope for the best, MAG’s Executive Committee decided to take action and look for a medical liability insurance solution that would be designed for physicians in Georgia and aligned with MAG’s mission and values.
After a considerable amount of time and effort, I am pleased and excited to announce that MAG has collaborated with MedPro – the nation’s largest and highest-rated health care liability insurance carrier – to offer the Medical Association of Georgia Insurance Agency, LLC (MAG Insurance Agency), an industryleading medical malpractice solution. The MAG Insurance Agency’s mission is to provide physicians in Georgia with the long-term security, stability, and peace of mind they need so they can focus on their patients and running a successful practice. You should know that MedPro…
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Is a Berkshire Hathaway Company Offers unsurpassed financial strength ratings of A++ (A.M.
MAG Insurance Agency isn’t going to employ creative marketing, and it’s not going to be built on shortterm savings. We believe that it will, however, deliver stability and long-term price protection – knowing that we face the prospects of a malpractice crisis that I believe could last for 10 to 20 years.
As an added benefit, MAG Insurance Agency will enable MAG to maintain its independence. By taking this strategic action, MAG will control its destiny. We will be able to focus our advocacy efforts on the issues that matter to our dues-paying members, and we will be building equity in a company that has value and that helps to ensure MAG’s financial future. Finally, I would like to emphasize that MAG’s Board of Directors has endorsed MAG Insurance Agency because they believe it’s the right thing to do and because they realize that the success of this endeavor is contingent on MAG members’ widespread participation. We can do this, but we will need to do it together. Go to www.maginsuranceagency.com to get details on the MedPro policy that’s right for you – keeping in mind that MAG members will receive a discount on their premium. Also contact Ryan Larosa at 678.303.9275 or rlarosa@mag.org with questions about MAG Insurance Agency.
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