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CMIC
Announces Rate Reduction
CMIC, a leading
doctor-owned medical malpractice insurer serving Connecticut and Massachusetts,
today announced a 2.7% overall rate reduction in its claims made rates for
Massachusetts doctors effective October 1, 2008. Medical practices utilizing
a CCHIT certified EHR may be eligible for an additional 5% credit. The announcement
follows a detailed rate review performed by the Company’s independent
consulting actuary, Towers Perrin.
“We are very pleased that the actuarial rate shows a slight downward
trend,” said Denise Funk, CEO of CMIC. “Because of the continued
stabilization in the market some medical specialties will see rate decreases
totaling up to 12%. This is a very important benchmark as we commence our fifth
year insuring Massachusetts doctors."
PIAM offers
several CMIC programs to Massachusetts physicians. For more information,
call us at 800-522-7426.
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