VERDE INSURANCE COMPANY Texas(TX) :Owner, Jobs, Reviews, Underwriting

 

A image to illustrate Verde Insurance Company
VERDE INSURANCE COMPANY: A Comprehensive Guide. Discover the history, ownership, services, and reviews of this branch of ProAssurance Corporation that specializes in medical professional liability insurance and risk management solutions/PHOTO COURTESY : Facebook

VERDE INSURANCE COMPANY: A Comprehensive Guide

It is  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 company’s 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 company’s high deductibles, slow claims processing, and poor communication .

Similarly, some employees have expressed satisfaction with the company’s culture, benefits, and opportunities for growth.

Others have reported issues with the company’s 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 applicant’s specialty, practice location, and scope of services
  • The applicant’s claims history, loss experience, and risk management practices
  • The applicant’s credentials, qualifications, and affiliations
  • The applicant’s 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 applicant’s 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 applicant’s unique needs and preferences.

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