MedMal Direct Enters Fourth Year Of Business and Announces Expansion Into Texas
September 11, 2013
JACKSONVILLE, Fla. — (BUSINESS WIRE) — Jacksonville-based MedMal Direct Insurance Company (MedMal Direct), now in its fourth year of business, announces it has received its certificate of authority from the Texas Department of Insurance and has officially launched operations as a medical malpractice insurance carrier in Texas.
MedMal Direct is one of the fastest growing professional liability insurance companies in the nation. After only three years of business, MedMal Direct has grown its book of business from zero to more than $10 million in annual premium and currently insures more than 1,750 physicians, surgeons, allied healthcare professionals and healthcare facilities.
Tim Bone, President of MedMal Direct, said, “Because all of the mainstream medical malpractice insurance carriers are basically selling the exact same product, it ultimately comes down to two things: price and service. When you deal directly with the carrier, without having to deal with a middle man, you get just that, the best price and the best service. We have a proven track record of success and are happy we can now begin serving the physicians of Texas with great service, aggressive litigation management and meaningful premium savings.”
Through its direct-write model, MedMal Direct enables physicians to realize significant savings on one of their largest expenses — medical professional liability insurance premiums. “Service and price are our most frequently-discussed differentiators, but as our insured policyholders know, we have the most aggressive, knowledgeable, and seasoned claims teams around. Our business model is built to focus on our physicians and at the end of the day, it’s that customer-centric culture that seems to matter most to our doctors. The only way to really get to know your customers is to work with them directly from day-one; that’s what we do,” said Butler Ball, Chief Executive Officer of MedMal Direct.
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is an insurance company that provides medical malpractice insurance directly to physicians, enabling physician practices to realize significant savings on one of their largest expenses — medical professional liability insurance premiums. MedMal Direct has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. and is backed by a panel of A.M. Best A (Excellent) rated reinsurers with over $25 billion in assets. With a strong balance sheet, conservative underwriting philosophy, and outstanding litigation management, MedMal Direct provides physician practices with the comfort and protection they need at a lower price. “It’s Better To Be Direct.” Visit http://www.mymedmal.com for more information.