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FOR IMMEDIATE RELEASE
CMIC Announces 2017 Rates Unchanged for Connecticut and Massachusetts Members
GLASTONBURY, CT – October 11, 2016 – 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 2017 policy year. This marks the 13th consecutive year for stable rates in Connecticut and 6th consecutive year for stable rates in Massachusetts.
CMIC insureds will also receive a dividend credit of 7.5%, effective with 2017 renewal. This is in addition to a variety of other credits offered by CMIC to eligible policyholders.
“Diligent and responsible underwriting practices have enabled us continue our lengthy history of consistent rates into 2017,” said Denise Funk, CEO of CMIC Group. “As a mutual company owned by its membership, continuing to provide sound coverage at a reasonable, stable cost is what we aim to achieve year after year.”
About CMIC Group
CMIC Group includes both CMIC and its member affiliate, CMIC Risk Retention Group (CMIC RRG). 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. For more information, visit the CMIC Group website at www.cmic.biz
80 Glastonbury Boulevard
Glastonbury, CT 06033
T: 800.228.0287 ext. 266