Liability insurer sells renewal rights
NEWS IN BRIEF — Posted April 19, 2004
Doctors in Illinois, Indiana, Kansas, Kentucky and Wisconsin who are insured by OHIC Insurance won't see renewal notices from the Columbus, Ohio-based firm. OHIC has announced that ProAssurance of Alabama bought renewal rights to all of the business OHIC did in those states.
The change applies to policies that expire on or after May 1, according to a joint press release from the companies. The renewals will be underwritten using ProAssurance guidelines and rates. Only claims-made coverage will be available.
Ohio physicians who buy insurance through OHIC will not be impacted.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/04/19/prbf0419.htm.