Mergers hit another field; medical malpractice insurers vie to expand markets.(consolidation of medical malpractice insurance business)

Modern Healthcare, August, 1997 by Bellandi, Deanna

The physician-owned medical malpractice insurance business is consolidating. Medical Liability Mutual Insurance Co. is acquiring Fortress Insurance Company of America from AAOMS National Insurance Company while PICOM Insurance Company is merging with Physicians Protective Trust Fund. The mergers and acquisitions are being driven by the perception that a larger size will enhance an insurer's competitiveness through economies of scale and regional expansion.

Medical malpractice insurers vie to expand markets

Some physician-owned medical malpractice insurers are keeping step with the consolidation craze in healthcare.

Medical Liability Mutual Insurance Co., New York, the country's largest physician-owned writer of professional malpractice insurance,...

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