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CMIC Group Wraps Up 2017 with Many Positive Achievements

GLASTONBURY, CT – January 9, 2018 – CMIC, an A- (A.M. Best) rated company and leading member-owned medical professional liability insurance provider, has concluded 2017 with a variety of positive developments.
 

CMIC recently announced that the overall rate indication for Connecticut and Massachusetts members will remain unchanged in the 2018 policy year. Rates have been unchanged in Connecticut since 2004, and in Massachusetts since 2011.

In addition, eligible CMIC insureds will also continue to receive a dividend credit for 2018, along with a contribution to their Loyalty Rewards account. Since the program’s inception, CMIC has dispersed over a third of eligible members’ annual premium into their Loyalty Rewards accounts, which is distributed to the member upon retirement or a qualifying event.

 “Yet another year of stable rates in Connecticut and Massachusetts is a testament to our exceptional membership of healthcare providers and their dedication to industry best practices,” said Stephen Gallant, CEO of CMIC Group. “Likewise, both our dividend credit as well as our Loyalty Rewards Program were established to include our members in the success of the company and reward them for their continued loyalty. I am pleased to see both programs continuing to thrive, and our eligible members able to enjoy the benefits of both.”

In other developments, this past fall the CMIC Loss Prevention Department’s Continuing Medical Education (CME) Program was awarded with Reaccreditation with Commendation, the highest form of accreditation.  CMIC is accredited through the Connecticut State Medical Society (CSMS).

“Our Loss Prevention Department, in conjunction with our Loss Prevention Committee, made up of physicians across a variety of specialties, works tirelessly every year to ensure our educational activities are of the highest caliber,” said Gallant. “We are very proud that the CSMS has acknowledged this effort with the commendation distinction.”
 

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.

 

Media Contact:
Michelle Barry
Communications Specialist
80 Glastonbury Boulevard
3rd Floor
Glastonbury, CT 06033
T: 800.228.0287 ext. 283
E-mail: Communications

News Archive

July 16, 2018

Garrett P. Cronin Joins CMIC Group as Director of Underwriting

June 28, 2018

CMIC Group Announces Appointment of Mary Ann Bentz, MD to CMIC Board

June 26, 2018

CMIC Group Announces Appointment of Nicholas Bontempo, MD to CMIC Board

May 2, 2018

CMIC Group’s A- (Excellent) Rating Affirmed by A.M. Best; Outlook Revised

February 14, 2018

Michelle M. Ursini Appointed Director of Marketing and Business Development at CMIC Group

January 9, 2018

CMIC Group Wraps Up 2017 with Many Positive Achievements

December 13, 2017

CMIC Group CFO, Emmanuel (Manny) Zervos, Announces Retirement; Michael Conneely, to Assume Role of CFO

December 7, 2017

CMIC Group CEO, Denise Funk, Announces Retirement; Stephen Gallant,to Assume Role of CEO

November 15, 2017

Paul Darcy, MD Elected Chairman of CMIC Underwriting Committee

November 8, 2017

Edmund Schiavoni, MD Elected President of CMIC RRG Board of Directors

November 2, 2017

John Hornby, MD Elected President and Chairman of CMIC Board of Directors

July 11, 2017

Michael P. Conneely, CPA Joins CMIC Group as Director of Finance

June 28,2017

Stephen J. Gallant Joins CMIC Group as Chief Operating Officer

June 13,2017

A.M. Best Affirms CMIC Group’s A- (Excellent) Rating

March 31,2017

CMIC Group Rated One of the Best Places to Work in Connecticut

March 15,2017

Chairman of CMIC Board of Directors Receives Award

November 9,2016

CMIC Declares 7.5% Dividend for Policyholders in 2017

October 25,2016

CMIC Announces New Loyalty Rewards Program Allocation for 2017

October 11,2016

CMIC Announces 2017 Rates Unchanged for Connecticut and Massachusetts Members

September 27,2016

CMIC Group Announces Appointment of New Director to CMIC RRG Board

Feburary 9, 2016

CMIC Group Employees Select Warm the Children for a $1,500 dollar donation.

January 7, 2016

CMIC Announces Launch of New Mobile Website

 

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