Financials are only part of the picture when it comes to your relationship with your medical malpractice carrier. The length of the relationship matters, as well.
Many companies sell medical professional liability insurance (MPLI) at deeply discounted rates. And while this may provide immediate relief to the insureds, the financials of these companies can be a cause of concern.
The potential service disruption and financial loss caused by the closure of Health Republic Insurance of New York illustrates the importance of insolvency protection for all insurers (professional liability companies included).
Remember: physicians cannot get free excess coverage if they are insured by an RRG.