In the past, many RRGs competed with admitted insurance carriers by offering low rates. This gave physicians a choice between the more traditional market and the attractiveness of the RRG’s pricing. MedPro RRG is different. It was created first and foremost to give healthcare providers the peace of mind that comes from being insured by a financially stable carrier. The flexibility afforded by MedPro RRG’s structure means that premiums are sometimes less than the traditional market, sometimes more, but for New York physicians, MedPro RRG represents another credible choice, contributing to a healthy marketplace.
Why MedPro RRG is Different
- Rated A++ (Superior) by A.M. Best (as of 5/27/2015) – its highest Financial Strength Rating – and the highest rated healthcare malpractice insurer operating in New York.
- Licensed and domiciled in Washington, D.C. – fully registered to operate in New York.
- No capitalization costs – no membership fees, surplus contributions or capitalization assessments ever required.
- No possibility of premium assessments – ever.
- Full consent-to-settle provisions – claims will not be settled without your consent.
- Reinsured by Berkshire Hathaway’s Medical Protective – the nation’s oldest and strongest healthcare malpractice insurer.
- “Cut-through” endorsement added to every policy – in the event of MedPro RRG fails to pay a loss payable under a policy, Medical Protective will become liable pursuant to the Quota Share Reinsurance Agreement between MedPro RRG and Medical Protective.
- Occurrence or claims-made coverage available – never “claims-paid” coverage. Your coverage, your choice.
- Higher limits available – MedPro RRG’s total premium for higher limits coverage may be less than traditional premium with Section 18 “free” excess.
- Serviced locally by Berkshire/MedPro’s Princeton Insurance Company – known for superior, personalized customer service.
- Expert local defense counsel specializing in New York healthcare malpractice claims – the best New York defense counsel supported by Medical Protective’s national claims expertise.
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