MedMal Direct: Coverage Now Available to 40% of U.S. Physicians
JACKSONVILLE, Fla., July 14, 2016 (GLOBE NEWSWIRE) -- Jacksonville-based MedMal Direct Insurance Company (“MedMal Direct”) is continuing to grow its presence across the U.S. and announced that it is officially launching operations in three new states: Alabama, Indiana and Virginia.
MedMal Direct was recently recognized as the nation’s fastest growing medical malpractice insurance carrier, by Inc. Magazine.
MedMal Direct celebrated its 6th anniversary last month. The company began insuring physicians in Florida in 2010 and has already grown its book of business to nearly $17 million in annual premium and currently insures more than 2,300 physicians, surgeons, allied healthcare professionals and healthcare facilities. Last year, MedMal Direct grew 80 percent in new business and plans to exceed that number in 2016.
The company’s unique business model provides their policyholders with a simplified process and significant savings. Over the past six years, MedMal Direct has expanded across 12 states: Alabama, Florida, Georgia, Illinois, Indiana, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas and Virginia.
The company, through its unique business model, is now the largest and most widely-available 'direct-to-consumer' physician liability insurer in the nation, providing their policyholders with a simplified process and significant savings. “We have grown tremendously in size and financial strength over the last year, said Butler Ball, Chief Executive Officer of MedMal Direct. Our streamlined approach has been well received by thousands of physicians and we are thrilled to be able to offer meaningful savings and superior service and claims handling to 40% of our Country's physician population.”
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is a multi-state medical malpractice insurance carrier which offers its policies direct to physicians. The company enables physician practices in Alabama, Florida, Georgia, Illinois, Indiana, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas and Virginia to realize significant savings on one of their largest expenses – medical professional liability insurance premiums. MedMal Direct has earned and maintains a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. The company is backed by Liberty Mutual Insurance Company and a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers with $230 billion in assets. Visit MedMalDirect.com for more information.
Press Contact: Amanda Wratchford Phone Number (O): (904) 482-4068 Phone Number (C): (904) 252-2156 AWratchford@MedMalDirect.com
