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Minneapolis, MN (Feb. 11, 2009) – Midwest Medical Insurance Company (MMIC), the leading physician-owned medical professional liability insurance company in the Upper Midwest, is pleased to announce that A. M. Best Co. recently affirmed its financial strength rating of A (Excellent) with a stable outlook.
“The rating reflects MMIC’s strong risk-adjusted capitalization, conservative loss reserving practices and operating philosophy, improved underwriting performance and its leadership in its operating territories. The outlook is based on MMIC’s solid operating fundamentals and strong balance sheet,” wrote A. M. Best.
Best also wrote that the rating recognizes “the company’s proactive approach to expanding services and coverage to meet the changing needs of its policyholders. Through strategic subsidiaries, MMIC Technology Solutions Inc. and MMIC Agency Inc., the company is able to provide value-added services such as technical and strategic consulting and insurance agency services to its policyholders.”
A. M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors.
Midwest Medical Insurance Company provides coverage to physicians, clinics, facilities and hospitals. For more information, visit www.mmicgroup.com
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