MagMutual
MagMutual provides healthcare liability insurance and has a strong focus on reducing medical malpractice losses. It is the largest mutual insurer of physicians in the U.S. and has consistently returned dividends to its PolicyOwners for 25 years.
Services
MagMutual offers a range of professional liability insurance products tailored to the healthcare industry. Their primary offerings include healthcare liability insurance for physicians, hospitals, and healthcare organizations, as well as coverage for employees within these entities. They also provide liability insurance encompassing management, employment, and other business-related risks. Additionally, MagMutual offers coverage for data breaches and regulatory violations such as HIPAA, EMTALA, and Stark.
Healthcare Liability Insurance
MagMutual is known as the largest mutual insurer of physicians and the second largest mutual medical professional liability provider in the U.S. They offer specialized healthcare liability insurance designed to meet the unique needs of physicians, hospitals, and healthcare organizations. Their insurance solutions aim to reduce the risk and financial impact associated with medical malpractice, boasting a reported 10% reduction in losses for physicians using their educational resources.
Recognition and Financial Performance
MagMutual holds an 'A (Excellent)' rating from A.M. Best, indicating strong financial stability and reliability within the insurance industry. The company has consistently returned dividends to its PolicyOwners for 25 consecutive years, totaling over $443 million in financial rewards since its inception. MagMutual insures over 40,000 physicians and healthcare organizations, demonstrating their expansive reach and influence in the healthcare sector.
Location and Headquarters
MagMutual is headquartered at 3535 Piedmont Rd. NE, Building 14-1000, Atlanta, GA 30305. Their central location in Atlanta underpins their operational strategy, providing a strong base from which they manage their extensive portfolio of healthcare liability insurance products.