VERDE INSURANCE COMPANY: A Comprehensive Guide
It isĀ a branch of a Texas-based company that provides professional liability insurance for physicians and healthcare providers in Florida and Alabama.
It was formerly known as First Professionals Insurance Company, Inc. and Florida Physicians Insurance Company.
In this article, we will explore the history, ownership, services, and reviews.
Verde insurance company owner
It is owned by ProAssurance Corporation, a publicly traded company that specializes in medical professional liability insurance and risk management solutions.
ProAssurance Corporation acquired First Professionals Insurance Company, Inc. in 2010 for $202 million.
In 2023, ProAssurance Corporation rebranded its subsidiaries, including First Professionals Insurance Company, Inc., as VERDE INSURANCE COMPANY.
The company jobs
It offers various career opportunities for professionals who are interested in working in the insurance industry.
The company has offices in Dallas, Texas and Tempe, Arizona, as well as agents and representatives in Florida and Alabama.
Some of the job positions that it hires for are:
- Underwriter
- Claims Specialist
- Risk Management Consultant
- Customer Service Representative
- Sales Agent
To apply for a job at VERDE INSURANCE COMPANY, one can visit the companyās website and submit an online application.
Verde insurance company reviews
It has received mixed reviews from its customers and employees.
On one hand, some customers have praised the company for its competitive rates, responsive service, and comprehensive coverage.
On the other hand, some customers have complained about the companyās high deductibles, slow claims processing, and poor communication .
Similarly, some employees have expressed satisfaction with the companyās culture, benefits, and opportunities for growth.
Others have reported issues with the companyās management, workload, and compensation .
Verde underwriting
It uses a rigorous underwriting process to evaluate the risk profile of each applicant and determine the appropriate premium and coverage.
The company considers various factors, such as:
- The applicantās specialty, practice location, and scope of services
- The applicantās claims history, loss experience, and risk management practices
- The applicantās credentials, qualifications, and affiliations
- The applicantās compliance with state and federal regulations and standards
VERDE INSURANCE COMPANY also offers discounts and incentives for applicants who meet certain criteria, such as:
- Being board certified or board eligible
- Having no prior claims or lawsuits
- Completing risk management courses or programs
- Participating in preferred provider networks or organizations
VERDE INSURANCE COMPANY aims to provide customized and flexible solutions for each applicantās unique needs and preferences.
Conclusion
VERDE INSURANCE COMPANY is a branch of a Texas-based company that provides professional liability insurance for physicians and healthcare providers in Florida and Alabama.
The company is owned by ProAssurance Corporation, a publicly traded company that specializes in medical professional liability insurance and risk management solutions.
The company has received mixed reviews from its customers and employees, reflecting its strengths and weaknesses.
It uses a rigorous underwriting process to evaluate the risk profile of each applicant and determine the appropriate premium and coverage.
The company also offers discounts and incentives for applicants who meet certain criteria.
It aims to provide customized and flexible solutions for each applicantās unique needs and preferences.
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