Leading Malpractice Insurer First Professionals Insurance Company, Inc. Unveils Exclusive Coverage Program with The Premium Group, Inc. for the Ohio Osteopathic Association


JACKSONVILLE, Fla., Oct 16, 2008 (BUSINESS WIRE) — First Professionals Insurance Company, Inc. (First Professionals) has announced a new program that will bring preferred insurance solutions to physicians in the state of Ohio. In conjunction with First Professionals, The Premium Group, Inc. (PGI) is enhancing its partnership with the Ohio Osteopathic Association (OOA) by bringing a new insurance solution to OOA members throughout the state.

“First Professionals’ business model includes the establishment of relationships with organized medicine. PGI has had an endorsement from OOA for several years and we look forward to a successful partnership with OOA as we enter the Ohio market,” said Robert E. White, Jr., President of First Professionals. “As with PGI, we are committed to providing excellent coverage for all of our policyholders.”

First Professionals was established in 1975 and is a multi-state insurance carrier that has provided medical professional liability insurance (MPLI) protection in some of the most challenging jurisdictions in the country. First Professionals enjoys a financially secure A.M. Best rating of A- (Excellent) with a stable outlook, and an A- rating (Strong) from Fitch. This rating is indicative of a carrier that has managed its business to effectively provide a stable and quality product to physicians. Physicians insured by First Professionals understand that their practices depend upon the support of a carrier that values its insureds and provides services, defense and financial security that matches each physician’s individual expectations.

PGI is the largest Ohio agency specializing in MPLI protection for Ohio physicians. PGI’s team of MPLI specialists currently counts more than 1,800 physicians, physician groups and medical facilities as clients. These clients, who are provided a comprehensive selection of options, have seen that PGI continues to pursue the best solutions for each of them, regardless of specialty and location. First Professionals’ partnership with PGI is an example of this pursuit and presents a unique opportunity for PGI’s current and future clients.

The OOA has evaluated the benefits that this new program will bring to their members and has endorsed this partnership of the OOA, First Professionals and PGI as an enhancement to their overall mission. The OOA’s ongoing pursuit of assistance to its membership includes a variety of services including advocacy efforts, select referral programs for needed services and resources for their members’ day-to-day needs. This MPLI solution is one more opportunity for the OOA to provide value to their membership.

“We have had a close working relationship with The Premium Group for more than a decade,” said OOA Executive Director Jon Wills. “We see this new partnership with First Professionals and PGI as an exciting opportunity to offer quality professional liability insurance coverage to our members at a very competitive price.”

This exclusive program will be available to all OOA members through PGI. Members of the OOA, or interested physicians throughout the state, may contact either PGI or the OOA for additional information regarding the program. Links on the PGI and OOA websites will have additional information and specific contact options.

“PGI has partnered with First Professionals in this exclusive program that will provide the OOA membership an opportunity to acquire MPLI with a solid carrier and a policy form that addresses their needs. This program expands the options that OOA members exclusively will be able to access and provides a cost-efficiency not otherwise available,” said Rudy LaKosh, SRVP/COO of PGI.

First Professionals Insurance Company, Inc. Corporate Profile

First Professionals has been dedicated to protecting professional reputations and personal assets by providing medical professional liability insurance for physicians, dentists and other health care providers since 1975. First Professionals offers a wide variety of products and services designed to meet the unique needs of its policyholders. First Professionals is headquartered in Jacksonville, Florida, and is a subsidiary company of FPIC Insurance Group, Inc.

The Premium Group, Inc. Corporate Profile

Founded in 1993 and located in northeast Ohio, PGI is widely recognized in the local, regional and statewide medical community. The OOA and the Academy of Medicine Cincinnati exclusively recommend PGI as the preferred agency for medical malpractice insurance solutions.

Ohio Osteopathic Association Profile

The OOA is a non-profit professional association, founded in 1898, that represents Ohio’s 3,400 osteopathic physicians, 13 member health care facilities accredited by the American Osteopathic Association’s Healthcare Facilities Accreditation Program, and the Ohio University College of Osteopathic Medicine in Athens, Ohio.Osteopathic physicians make up 11 percent of all licensed physicians in Ohio and 26 percent of the family physicians in the state.The OOA’s objectives include the promotion of Ohio’s public health and maintenance of high standards at all osteopathic institutions within the state.

SOURCE: First Professionals Insurance Company, Inc.

Copyright Business Wire 2008

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