NEWS:
PPIA is a not-for-profit mutual company, owned and directed by its policyholders, who are motivated to keep rates as low as possible. There are no stockholders expecting dividends. At the end of the day, we measure our bottom line by how affordable we can make the rates while still guaranteeing dependable coverage. We don’t set rates artificially low to attract business, and then assess extra fees to cover losses. PPIA has never assessed its members. Rates are set by the physician-led Board of Directors, based on recommendations made by a professional actuarial company after a comprehensive analysis of Missouri’s liability climate, as well as PPIA’s claims and defense experience. The professional liability climate in other states does not impact PPIA rates. In fact, PPIA rates were reduced in 2008 due to favorable claims experience while maintaining actuarially sound rates. In addition, multiple discounts are available, including group IPA discount, claims free discount, and free extended reporting. Ask your producer about them. PPIA takes great care of your premium dollars. Through careful underwriting, only quality physicians are enrolled as members. In addition, PPIA has contracted with an experienced investment team to provide safe, sound investment of premium dollars, with at least 70% set aside for your protection. RATE ACTUARY RESERVE ACTUARY INVESTMENT ADVISORS/CUSTODIAN |
