HCN News & Notes

CMIC Announces 2017 Rates Unchanged

GLASTONBURY, Conn. — CMIC, a member-owned medical professional liability-insurance provider, announced that the overall rate indication for Connecticut and Massachusetts policyholders will remain unchanged for the upcoming 2017 policy year. This marks the 13th consecutive year for stable rates in Connecticut and sixth consecutive year for stable rates in Massachusetts.

CMIC insureds will also receive a dividend credit of 7.5{06cf2b9696b159f874511d23dbc893eb1ac83014175ed30550cfff22781411e5}, effective with 2017 renewal. This is in addition to a variety of other credits offered by CMIC to eligible policyholders.

“Diligent and responsible underwriting practices have enabled us continue our lengthy history of consistent rates into 2017,” said Denise Funk, CEO of CMIC Group. “As a mutual company owned by its membership, continuing to provide sound coverage at a reasonable, stable cost is what we aim to achieve year after year.”