Boston-based medical malpractice insurer ProMutual Group said it will not increase rates this year for Massachusetts doctors and will pay a 6 percent dividend for a third straight year.
The company insures more than 7,500 physicians and surgeons in the Bay State.
“We are proud to be able to offer so many Massachusetts physicians and surgeons a dividend for the fourth consecutive year,” said Richard W. Brewer, president and chief executive officer for ProMutual Group. “We believe this dividend coupled with no rate increase is a testament to our effective communication with policyholders regarding important and relevant risk management practices.”
Topics Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
