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CMIC Announces 11th Year of Stable Rates for Connecticut Doctors and 3rd Year of Stable Rates for Massachusetts Doctors
GLASTONBURY, CT – September 29, 2014 – CMIC, an A- (A.M. Best) rated company and leading member-owned medical professional liability insurance provider, announced that the overall rate indication for Connecticut and Massachusetts policyholders will remain unchanged for the upcoming 2015 policy year.
CMIC insureds will also receive a dividend credit that will approximate 12.5% effective with 2015 renewal. In addition, CMIC will continue to provide premium credits to eligible policyholders who have been insured with the Company for at least three consecutive years. CMIC members are also eligible to receive additional premium credit throughout the year by attending loss prevention educational opportunities provided by the Company at no charge to its members.
“Our 2015 rate structure and dividend are the outcome of strong underwriting results and our commitment to keeping the cost of coverage as low as is prudent and as predictable as possible,” said Denise Funk, CEO of CMIC Group. “As a member-owned company, we recognize the part our policyholders play in the health of our organization through superior patient care and loss prevention strategies. We are very pleased to share our success with them.”
About CMIC Group
CMIC Group is a leader in developing innovative insurance programs, services and solutions for physicians, doctors, healthcare providers, hospitals, and facilities dating back to the origins of CMIC in 1984. Our products and services are tailored to meet the unique needs and challenges our insured’s face each day. For more information, visit CMIC Group’s website at www.cmic.biz.
80 Glastonbury Boulevard
Glastonbury, CT 06033
T: 800.228.0287 ext. 283