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ISMIE Report Card: A- |
ISMIE's physician-policyholders have achieved another milestone: an A- ("excellent") rating from insurance analysis group A.M. Best.
In a report written about ISMIE's ratings upgrade from a B++ ("very good") in 1999 to an A- in 2000, A.M. Best noted ISMIE's "favorable profitability, conservative reserve philosophy, and strong position in the Illinois medical malpractice market" as impressive, especially in today's litigious climate.
ISMIE's proactive, long-term approach regarding the uncertainties of managed care, its willingness to explore beneficial partnerships, and its high policyholder retention ratio, all contributed to the upgrade.
In an era of market volatility, heavy claims activity, and enormous losses by many professional liability carriers, ISMIE truly stands out as Illinois' largest and most stable med mal insurer, thanks to its physician policyholders.