JACKSONVILLE, Fla., Feb. 4, 2014 (GLOBE NEWSWIRE) -- Jacksonville-based MedMal Direct Insurance Company (MedMal Direct) announces its recent endorsement by Physicians' Alliance of America.
Physicians' Alliance of America ("PAA") is a national healthcare group purchasing organization dedicated to helping medical practices save money and improve their bottom line. PAA was founded in 1992 by a handful of physicians worried about the rising costs of operating a medical practice and has grown to approximately 35,000 physician members.
Bob Chalmers, Executive Director of PAA, said, "MedMal Direct enables our member physicians and their medical practices to realize significant savings on one of their largest expenses — medical professional liability insurance premiums. MedMal Direct's business model is in perfect alignment with our mission and we have proudly selected MedMal Direct as a Vendor Partner for the members of Physicians' Alliance of America."
As one of the fastest growing medical professional liability insurance companies in the nation, MedMal Direct is the only medical malpractice insurance carrier to exclusively offer its policies direct to physicians. "By foregoing the use of independent agents and brokers, MedMal Direct has cut out the middleman and is able to offer all physician practices significant savings on their premiums. We are pleased that the physicians of PAA can now purchase the same coverage that they currently have at a better price," said Tim Bone, President of MedMal Direct.
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is an insurance carrier that provides medical malpractice insurance directly to physicians in Florida, Georgia, North Carolina and Texas. MedMal Direct enables physician practices to realize significant savings on one of their largest expenses -- medical professional liability insurance premiums. MedMal Direct has earned and maintains a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. and is backed by a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers with $125 billion in assets. With a strong balance sheet, a 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.