MedChoice Risk Retention Group, Inc. (MedChoice) is a national insurance company that provides medical professional liability and casualty coverages, products, and services
It was formed in 2015 and is licensed in Vermont under the Federal Risk Retention Act. MedChoice is rated A- (Excellent) by A.M. Best
In this article, we will explore the features, benefits, and contact information of MedChoice.
Who owns MedChoice?
MedChoice is an independent entity with separate governance and management from Physicians Insurance,
MedChoice is owned by its policyholders, who are also its members.
This means that policyholders have a voice in the company’s operations and share in its profits or losses.
What is a risk retention insurance company?
A risk retention insurance company is a type of self-insurance that allows groups of individuals or businesses with similar risks
The Federal Risk Retention Act of 1986 allows risk retention groups (RRGs) to operate across state lines
RRGs are typically formed by members of the same industry or profession who face challenges in obtaining affordable coverage from insurers.
MedChoice Risk Retention Group Inc. claims
It offers a comprehensive claims and legal defense service for its policyholders.
MedChoice has a team of experienced claims professionals who work closely with policyholders and their attorneys to resolve claims efficiently and effectively.
It has a panel of qualified defense counsel who are familiar with the local jurisdictions and have expertise in medical malpractice litigation.
Physicians insurance company
It is a mutual insurance company that provides medical professional liability insurance and risk management services
Physicians Insurance was founded in 1981 and is the largest insurer of its kind in the Pacific Northwest.
It is rated A- (Excellent) by A.M. Best and has a strong financial position and surplus.
Physicians Insurance is affiliated with MedChoice through a common parent company, Physicians Insurance Mutual Holding Company.
Physicians Insurance provides reinsurance and administrative support to MedChoice, as well as access to its risk management and education programs
MedChoice reviews
MedChoice has received positive reviews from its policyholders and partners for its quality coverage, competitive pricing, and excellent service.
Here are some testimonials from MedChoice’s website:
- “MedChoice has been a great partner for our group.
They have provided us with customized coverage options, flexible payment plans, and outstanding claims and legal defense.
We are very satisfied with MedChoice and would highly recommend them to other healthcare providers.” – Dr. James Lee, President of Northwest Anesthesia Physicians
- “MedChoice has been a breath of fresh air in the medical malpractice insurance market. They have been responsive, innovative, and transparent in their dealings with us.
They have also been proactive in providing us with risk management and education resources to help us improve our practice and patient safety.” – Dr. Susan Jones, Chief Medical Officer of Community Health Center
- “MedChoice has been a valuable ally for our hospital.
MedChoice has offered us a comprehensive and cost-effective insurance solution that meets our needs and expectations.
They have also been supportive and collaborative in working with us to resolve any issues or concerns that arise.
We are very pleased with MedChoice and look forward to a long-term relationship with them.” – Mr. Robert Smith, CEO of Regional Medical Center
Conclusion
MedChoice Risk Retention Group, Inc. is a national insurance company that provides specialized medical professional liability and casualty coverages, products, and services for healthcare providers across the United States.
It is owned by its policyholders, who are also its members.
MedChoice is rated A- (Excellent) by A.M. Best and is backed by Physicians Insurance’s reinsurance and strong balance sheet.
It offers a comprehensive claims and legal defense service, as well as access to risk management and education programs.
MedChoice has received positive reviews from its policyholders and partners for its quality coverage, competitive pricing, and excellent service.
It can be contacted by phone, fax, email, or online. MedChoice is affiliated with Physicians Insurance, the largest insurer of its kind in the Pacific Northwest.
If you find this article impressive visit our blog page for more as shown:
-
New England Insurance Company Connecticut (CT): Phone number, Owner, Claims, Careers, Underwriter
-
Is Progressive Renters Insurance Legit?: Assessing the Trustworthiness and Dependability of Coverage
