Missouri Department of insurance Auditors Issue MPM a Clean Bill of Health

In December 2012 , the Missouri Department of Insurance (MDOI) completed their triennial audit of the books and records of MPM. As stated by the MDOI, this audit was a “full scope of comprehensive examination” of “all accounts and activities of the Company”.

Read the entire triennial audit here.

Missouri Supreme Court overturns $350,000 statutory cap on non-economic damages

Missouri Professionals Mutual was well prepared for the Missouri Supreme Court’s decision today to declare unconstitutional a state law placing limits on non-economic damages in medical malpractice lawsuits. The statutory cap had been $350,000.  Continue reading...

Read the full court opinion here.

Missouri Professionals Mutual is The Top Professional Medical Liability Carrier in Missouri

National Association of Insurance Commissioners’ Data Shows
MPM Ranks # 1 in Direct Written Premiums

ST. LOUIS, NOV. 16, 2012 – Third-quarter data from the National Association of Insurance Commissioners (NAIC) reports that Missouri-based Missouri Professionals Mutual (MPM) is the top medical professional liability insurance company in the state. The company continues to be the first pick by physicians and surgeons in Missouri, as evidenced by its 36 continuous quarters as the medical professional liability carrier that leads Missouri in direct written premiums.

“MPM has always been committed to re-empowering Missouri physicians, and accordingly our loyal base of insured physicians recognize the effectiveness of our approach,” said Timothy H. Trout, managing director of MPM. “Putting physicians’ best interests first and continually seeking innovative ways to provide unique and forward-thinking coverage has made us the top carrier in the state, in spite of the unprecedented and unsustainable rate reductions by other companies competing to gain additional market share. We plan to continue to provide our insureds with financially sound and actuarially sustainable premiums to meet physicians’ evolving needs now and in the future.”

Four Missouri Doctors Elected to Missouri Professionals Mutual Board

Frederick B. Lintecum, M.D., Walter R. Peters, Jr., M.D., Raymond August Ritter, III, M.D.,
and David L. Weinstein, M.D. will help MPM continue to re-empower Missouri physicians

ST. LOUIS, NOV. 19, 2012 – Members of medical malpractice insurer Missouri Professionals Mutual (MPM) voted to add four new members to the company’s Board of Directors on Nov. 17, increasing the number of directors on the board from three to seven.

New board members include Frederick B. Lintecum, M.D., Walter R. Peters, Jr., M.D., Raymond August Ritter, III, M.D., and David L. Weinstein, M.D.

Lintecum is an obstetrician/gynecologist who serves as chairman of Obstetrics and Gynecology at
St. Luke’s Hospital and Medical Center in Kansas City, Mo., and a partner at Lintecum and Nickell P.C.
He is also a clinical assistant professor of Obstetrics and Gynecology at the University of Missouri –
Kansas City.

Peters is a colon and rectal surgeon and the chief of staff at Boone Hospital Center in Columbia, Mo.
He and his late partner, Vincent Gurucharri, M.D., brought laparoscopic general surgery to mid-Missouri in 1990, performing the area’s first laparoscopic cholecystectomy (gall bladder surgery).

Ritter is an orthopedic surgeon who serves as chief of Orthopedic Surgery at Southeast Hospital in Cape Girardeau, Mo., and also practices at Advanced Orthopedic Specialists. He was instrumental in bringing minimally invasive total hip and total knee procedures to Cape Girardeau.

Weinstein is an obstetrician/gynecologist who serves as chief of the Department of Obstetrics and
Gynecology at Missouri Baptist Medical Center in St. Louis, Mo. He is a founding partner of Consultants in Women’s Healthcare, Inc. and an associate professor of Clinical Obstetrics and Gynecology at the Washington University School of Medicine. Weinstein has authored and co-authored multiple medical articles and has been a principal investigator in many clinical trials.

MPM’s existing board members are Timothy H. Trout, managing director of MPM, John M. Lorei, M.D., chair of the emergency services department and staff member at Saint Luke's Hospital of Kansas City and Saint Luke's Northland Hospital, Kansas City, and Richard T. Meyer, CPA.

“Each new member of the MPM Board of Directors is a highly qualified medical professional committed to serving the best interests of our members and continuing to deliver on our promise of re-empowering Missouri
physicians,” said Trout. “The expertise of our new board members will serve to enrich and strengthen our insight on improving services to MPM’s insureds, as well as help us to maintain our track record of financial stability.”

MPM now accepts credit card and e-check payment options!

Introducing...

MPM is now partners with MSMA Insurance and Cretcher Heartland!

Learn more about our new brokers by visiting their websites:

"Inevitably success led in time to the return of competition from for-profit carriers seeking to re-enter the marketplace they had previously abandoned. This attack was reinforced by commission hungry insurance brokers all too eager to depict doctor owned mutuals as small, unrated and therefore financially vulnerable, forcing mutuals in turn to acquire their own ratings..."

Read more from the Willis Re Special Report about Diversification Challenges and Opportunities for Mutuals

Read MPM's announcements regarding retrocessional reinsurance