JACKSONVILLE, Fla., Sept. 12, 2013 (GLOBE NEWSWIRE) -- Jacksonville-based MedMal Direct Insurance Company (MedMal Direct) is pleased to announce that it has received its certificate of authority from the North Carolina Department of Insurance and has officially launched operations as a medical malpractice insurance carrier in North Carolina.
MedMal Direct is one of the fastest growing professional liability insurance companies in the nation. The company began insuring physicians in Florida in 2010, expanded into Georgia and Texas earlier this year, and is currently commencing operations in North Carolina. Now in its fourth year of business, MedMal Direct has already grown its book of business to more than $10.5 million in annual premium and currently insures more than 1,900 physicians, surgeons, allied healthcare professionals and healthcare facilities.
"We have been successful at growing our business quickly because our model makes sense to physicians. We are able to provide a level of service that other carriers quite simply cannot; and that is because we know our customers better. We work directly with them from day-one and we know what they need because we listen – they are talking to us, not a middleman, so the message is never lost in translation," said Butler Ball, Chief Executive Officer of MedMal Direct. "Furthermore," said Ball "our direct model affords us a significant pricing advantage and our country's healthcare providers have never been so price-sensitive.
Tim Bone, President of MedMal Direct, said, "Over the past 15 years, we have seen a homogenization of medical malpractice insurance policies so that today, we are all offering the exact same coverage! Price, service and the unwavering commitment to defend our doctors; that's what matters, that's what our doctors care most about, and that is what we deliver."
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is an insurance company that provides medical malpractice insurance directly to physicians, enabling physician practices to realize significant savings on one of their largest expenses -- medical professional liability insurance premiums. MedMal Direct has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. and is backed by a panel of A.M. Best A (Excellent) rated reinsurers with over $25 billion in assets. With a strong balance sheet, conservative underwriting philosophy, and outstanding litigation management, MedMal Direct provides physician practices with the comfort and protection they need at a lower price. "It's Better To Be Direct." Visit www.mymedmal.com for more information.