Farmers Group to Leave Med-Mal Business
The Farmers Insurance Group of Companies’ Truck Insurance Exchange® unit will reportedly discontinue its medical malpractice insurance line of business.
According to the company and effective immediately, Farmers will no longer write new medical malpractice coverage and will begin the process to non-renew existing business beginning Jan. 1, 2004. The decision is reportedly in keeping with Farmers’ strategic decision to focus on its core business lines.
“We will work attentively with our clients and their agents to address any concerns and challenges that arise during this transition,” said Jeff Reinig, vice president of Farmers’ Healthcare Professional Liability business. “As necessary, we will assist our customers in locating alternate carriers.”
Headquartered in Los Angeles, Farmers does business in 41 states.
- Beyond the Claim: How Social Canvassing is Transforming Insurance Fraud Detection
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- Report: Claims Handlers Embracing Technology
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape