Jacksonville-based MedMal Direct Insurance Company (“MedMal Direct”) is continuing to grow its presence across the U.S. and announced that it is officially launching operations in three new states: Alabama, Indiana and Virginia.
MedMal Direct: Coverage Now Available to 40% of U.S Physicians
1. Press Contact:
Amanda Wratchford
Phone Number (O): (904) 482-4068
Phone Number (C): (904) 252-2156
AWratchford@MedMalDirect.com
MedMal Direct: Coverage Now Available to
40% of U.S. Physicians
Jacksonville, Fla., June 7, 2016 (GLOBE NEWSWIRE) — Jacksonville-based MedMal Direct
Insurance Company (“MedMal Direct”) is continuing to grow its presence across the U.S. and
announced that it is officially launching operations in three new states: Alabama, Indiana and
Virginia.
MedMal Direct was recently recognized as the nation’s fastest growing medical malpractice
insurance carrier, by Inc. Magazine.
MedMal Direct celebrates its 6th
anniversary this month. The company began insuring
physicians in Florida in 2010 and has already grown its book of business to nearly $17 million in
annual premium and currently insures more than 2,300 physicians, surgeons, allied healthcare
professionals and healthcare facilities. Last year, MedMal Direct grew 80 percent in new
business and plans to exceed that number in 2016.
The company’s unique business model provides their policyholders with a simplified process
and significant savings. Over the past six years, MedMal Direct has expanded across 12 states:
Alabama, Florida, Georgia, Illinois, Indiana, Missouri, North Carolina, Ohio, Oklahoma,
Pennsylvania, Texas and Virginia.
The company, through its unique business model, is now the largest and most widely-available
'direct-to-consumer' physician liability insurer in the nation, providing their policyholders with a
simplified process and significant savings. “We have grown tremendously in size and financial
strength over the last year, said Butler Ball, Chief Executive Officer of MedMal Direct. Our
streamlined approach has been well received by thousands of physicians and we are thrilled to
be able to offer meaningful savings and superior service and claims handling to 40% of our
Country's physician population.”
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is a multi-state medical malpractice insurance carrier which
offers its policies direct to physicians. The company enables physician practices in Alabama, Florida, Georgia, Illinois,
Indiana, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas and Virginia to realize significant savings on
one of their largest expenses – medical professional liability insurance premiums. MedMal Direct has earned and
maintains a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. The company is backed by Liberty
Mutual Insurance Company and a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers
with $230 billion in assets. Visit MedMalDirect.com for more information.