CEO’s Message

Introducing the best med-mal solution for physicians in Georgia

Donald J. Palmisano Jr.

dpalmisano@mag.org

Back 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 · · · 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 MagMutual today. claims have been closed without payment MAG and MagMutual have been great allies since the · Offers Claims-made, Occurrence, Stand-alone Tail, and beginning. But on October 1, MAG’s marketing agreement with Convert to Occurrence® coverage options that give you MagMutual came to an end – after it became evident that the the flexibility you need when it matters two organizations were on different strategic paths. I would like · Offers prior acts and free tail coverage after just one year to thank everybody at MagMutual, and I would like to wish of becoming a MedPro insured them well. · Offers $50,000 cyber liability and data breach coverage at The trial attorneys have, unfortunately and not unexpectedly, no additional cost 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. Insurance Agency, LLC 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 Rather than hope for the best, could last for 10 to 20 years. MAG’s Executive Committee decided to take action and look for a medical liability As an added benefit, MAG Insurance Agency will enable MAG insurance solution that would be designed for physicians to maintain its independence. By taking this strategic action, in Georgia and aligned with MAG’s mission and values. MAG will control its destiny. We will be able to focus our After a considerable amount of time and effort, I am pleased and members, and we will be building equity in a company that has excited to announce that MAG has collaborated with MedPro value and that helps to ensure MAG’s financial future.– the nation’s largest and highest-rated health care liability insurance carrier – to offer the Medical Association of Georgia Finally, I would like to emphasize that MAG’s Board of Insurance Agency, LLC (MAG Insurance Agency), an industry- Directors has endorsed MAG Insurance Agency because they leading medical malpractice solution. believe it’s the right thing to do and because they realize that The MAG Insurance Agency’s mission is to provide physicians widespread participation.in Georgia with the long-term security, stability, and peace advocacy efforts on the issues that matter to our dues-paying the success of this endeavor is contingent on MAG members’ of mind they need so they can focus on their patients and We can do this, but we will need to do it together. running a successful practice. Go to www.maginsuranceagency.com to get details on the MedPro You should know that MedPro… policy that’s right for you – keeping in mind that MAG members · · Is a Berkshire Hathaway Company Offers unsurpassed financial strength ratings of A++ (A.M. 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.