HCN News & Notes

CMIC Group Wraps Up 2017 with Positive Achievements

GLASTONBURY, Conn. — CMIC, a member-owned medical professional liability insurance provider, concluded 2017 with a variety of positive developments.

CMIC recently announced that the overall rate indication for Connecticut and Massachusetts members will remain unchanged in the 2018 policy year. Rates have been unchanged in Connecticut since 2004, and in Massachusetts since 2011.

In addition, eligible CMIC insureds will also continue to receive a dividend credit for 2018, along with a contribution to their Loyalty Rewards account. Since the program’s inception, CMIC has dispersed over one-third of eligible members’ annual premium into their Loyalty Rewards accounts, which is distributed to the member upon retirement or a qualifying event.

“Yet another year of stable rates in Connecticut and Massachusetts is a testament to our exceptional membership of healthcare providers and their dedication to industry best practices,” said Stephen Gallant, CEO of CMIC Group. “Likewise, both our dividend credit as well as our Loyalty Rewards Program were established to include our members in the success of the company and reward them for their continued loyalty. I am pleased to see both programs continuing to thrive, and our eligible members able to enjoy the benefits of both.”

In other developments, this past fall the CMIC Loss Prevention Department’s Continuing Medical Education Program was awarded with reaccreditation with commendation, the highest form of accreditation. CMIC is accredited through the Connecticut State Medical Society (CSMS).

“Our Loss Prevention Department, in conjunction with our loss prevention committee, made up of physicians across a variety of specialties, works tirelessly every year to ensure our educational activities are of the highest caliber,” said Gallant. “We are very proud that the CSMS has acknowledged this effort with the commendation distinction.”