CMIC Group is a leading provider of professional liability and business office insurance products and services for healthcare professionals and facilities. Formed by doctors to address a hostile insurance environment, CMIC remains a doctor-owned company with practicing doctors as its leadership.
Our commitment to maintaining a financially sound company and a strategy of prudent growth is reflected in our A.M. Best rating of A- (Excellent). This rating has been reaffirmed since 2008.
Our corporate office is located in Glastonbury, Connecticut. We have been headquartered in Connecticut since the company’s founding in 1984.
About Company History
CMIC Group is comprised of Connecticut Medical Insurance Company (CMIC) and Connecticut Medical Insurance Company Risk Retention Group (CMIC RRG).
CMIC was formed in 1984 when physicians, facing an increasingly hostile insurance environment, established their own insurance company. Over time the practice of medicine has changed dramatically, not only through medical and technological advances, but even more as a result of the significant changes in the regulatory, reimbursement and organizational structures of the health care delivery system. By collaborating with the healthcare professionals and facilities insured by CMIC, the company has been a leader in developing innovative solutions, products and services to cover the risks associated with these changes.
CMIC has stood by and supported its insureds through the many changes and challenges they have faced and has maintained its standing as a trusted leader and provider of professional liability and business office insurance solutions, products and services to healthcare professionals and facilities throughout Connecticut and Massachusetts. CMIC remains committed to providing individualized protection and support in this complex healthcare environment.
CMIC RRG was formed in 2010. The company's goal is to expand into other states using the same products, services, philosophy and standards adopted by CMIC. CMIC RRG has the financial backing of CMIC and is managed by the same CMIC executive team.
CMIC Group is in a unique position to understand and respond quickly to the new challenges that are a result of a complex healthcare environment. Our commitment to maintaining financial stability and a strategy of prudent growth is reflected in the A.M. Best rating of A- (Excellent) assigned to both companies.
CMIC Group has earned the respect of its policyholders who have come to rely on a partner they can trust. As mutual insurance companies, the business decisions, products, services and solutions reflect the priorities and meet the ever changing needs of our member owners who are represented in the corporate structure.