Underwriting Expertise
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“ISMIE inspires trust and confidence in their policyholders. I’m glad to be an ISMIE insured.” |
Sound underwriting principles and expertise through experience form the bedrock of ISMIE’s medical liability insurance coverage, honed over 31 years of serving Illinois physicians. ISMIE’s unparalleled coverage options are available to physicians of every specialty, living in any county across the state. Tailored policies for newly practicing physicians through retired physicians and for every kind of physician practice are available, and are products of ISMIE’s long history of providing the best possible coverage at the fairest possible price.
Neonatologist Victoria M. Geraldo, MD, underscores her satisfaction: “As I celebrate my 10th anniversary as an ISMIE insured, I still think that ISMIE Mutual offers the best medical liability coverage for my practice.”
Average premium rates held steady for the third consecutive year
With signs of the legal environment beginning to improve and deep commitment to its mission to keep rates as reasonable as possible, ISMIE declared unchanged premium rates for the 2007-2008 policy year.
Partial lift to moratorium on new business
Good news for Illinois physicians in 2007 was the partial lifting of ISMIE’s moratorium on new business, which had been in place for four years.With Illinois’ improved medical litigation environment, influenced by the 2005 reform laws, more professional liability carriers tested the state’s market. ISMIE welcomed the competition, knowing that an expanding market brings physicians the best liability coverage options for their particular needs.
Quick access to secure documents
Individual physicians, brokers and clinics have logged on to ISMIE’s “MyPolicy” nearly 5,000 times since its March 2007 launch. MyPolicy users accessed more than 16,000 secure policyholder documents last year, including policy and billing summaries and loss history reports. Another initiative to streamline processes for policyholder benefit was completed in 2007: A new electronic imaging system now allows underwriters to access files within seconds, assuring efficient updates to records and improved policyholder service.
Qualified policyholders realize loss-free rate discounts
In 2007, 74.5 percent of eligible ISMIE policyholders received a loss-free discount, based on at least three years of not having incurred a paid loss resulting from a claim. The average loss-free discount received was 14.16 percent, and more than 4,000 eligible insureds received the maximum 19.5 percent discount.
Your ISMIE Mutual
Underwriting Resources For assistance with or questions about:
Web: www.ismie.com E-mail: uwtg@ismie.com Phone: 1-800-782-4767 ext. 3350 Fax: 312-782-2023 Promptly report your practice changes To report practice changes: Download a Change Request Form. Complete the form and fax to 312-782-2023. Questions? Call 1-800-782-4767 or e-mail uwtg@ismie.com. |