First Professionals Insurance Company, Inc. Files Overall Rate Reduction Proposal for Illinois Physicians and Surgeons

First Professionals Insurance Company, Inc. Files Overall Rate Reduction Proposal for Illinois Physicians and Surgeons

JACKSONVILLE, Fla.–(BUSINESS WIRE)–First Professionals Insurance Company, Inc. (First Professionals) recently submitted a proposed medical professional liability rate and rule filing for physicians and surgeons in Illinois. First Professionals is pleased to announce that because of excellent claims experience and a strong commitment to risk management, current insureds will not see a base rate increase for their First Professionals policies in 2011.

“We expect the program to continue to provide positive results as Bentley maintains its commitment to the elite physicians and surgeons in Illinois.”

First Professionals has proposed changes for certain specialties along with changes to territory factors that may result in significant decreases for some insureds. The overall impact of the changes is a 3.8% premium income decrease. Some insureds will see no change, while others may see decreases of as much as 18% or more, depending upon their specialty and where they practice. These changes are effective for new and renewal business written on January 1, 2011 and thereafter.

The 3.8% premium decrease is attributed to First Professionals’ strict philosophy to only provide medical professional liability insurance to Illinois physicians and surgeons with favorable loss histories. This unique approach was established in 2008 when First Professionals joined forces with an exclusive risk purchasing group, Bentley RPG, LLC (Bentley).

“The results of Bentley’s program, including the continued positive loss experience and consistent increase in the number of new and existing policyholders are major contributing factors in our decision to file for the rate change in Illinois,” said First Professionals’ President Robert E. White, Jr. “We expect the program to continue to provide positive results as Bentley maintains its commitment to the elite physicians and surgeons in Illinois.”

“We credit the success of the Bentley program to the strong partnership we have built with First Professionals, superior risk management services provided by ELM Exchange, the professionalism of the agents and brokers who represent the program and unparalleled customer focus,” said Jack Ahern, President of Bentley. Ahern also commented, “We value the experts at First Professionals and are confident that they will continue a long-term commitment to the program.”

The Bentley program is available to licensed Illinois physicians in private office practices or hospital-based practices who meet all qualifications for membership and coverage in the program.

About First Professionals Insurance Company, Inc.

First Professionals Insurance Company, Inc. (First Professionals) has served the medical and healthcare community with reliable professional liability insurance since 1975. First Professionals offers a wide range of products and services to meet the unique needs of physicians, dentists, and other healthcare professionals. First Professionals, headquartered in Jacksonville, Florida, offers products and services in the states of Florida, Georgia, South Carolina, Ohio, Arkansas, and Illinois. First Professionals is a subsidiary company of FPIC Insurance Group, Inc. www.firstprofessionals.com

Bentley Insurance Group

The Bentley Insurance Group was formed for the benefit of preferred physicians and surgeons in Illinois. Membership in the Bentley RPG, LLC (Bentley) requires physicians to adhere to strict eligibility guidelines and participate in risk management programs designed to improve practice and reduce losses. As a result, physicians meeting Bentley’s membership requirements may enjoy substantial savings in their medical professional liability insurance premiums. Physicians interested in Bentley’s program should contact their insurance broker or Jack Ahern at (312) 529-5513 begin_of_the_skype_highlighting              (312) 529-5513      end_of_the_skype_highlighting for more information.

In what states does First Professionals provide coverage?

Florida, Georgia, Arkansas, South Carolina and Ohio.

How long has First Professionals been providing insurance for physicians?

Since 1975, First Professionals has maintained a strong commitment to its policyholders. With over 30 years of experience, we have the expertise to effectively protect our policyholders.


What physician specialties does First Professionals insure?

First Professionals insures all medical specialities in states where we provide medical professional liability insurance. While coverage varies from state to state for other healthcare professionals, First Professionals also covers allied healthcare practitioners, dentists, optometrists, and healthcare facilities. For further details, please visit the Products and Services section of our website and review the information provided within the Insurance Programs link.


How can I find out more about coverage provided by First Professionals?

We encourage you to send your request via e-mail, or you also have the option to Contact a Local Agent or call our Underwriting Department directly at (800) 741-3742 begin_of_the_skype_highlighting              (800) 741-3742      end_of_the_skype_highlighting, ext. 3218.


How can I get some of the risk management materials that are offered?

Send your request to rm@fpic.com or call us at (800) 741-3742 begin_of_the_skype_highlighting              (800) 741-3742      end_of_the_skype_highlighting, ext. 3016


Is there a fee to receive some of the risk management materials?

No. All of our risk management products and services are available to our policyholders at no additional charge.


How should I submit an incident or claim?

It is essential that you notify First Professionals immediately if an incident occurs that may lead to a claim or if a claim has been made against you. Our experienced staff will respond to any claim or incident matters on your behalf. Your prompt notification is crucial to our efforts to limit potential exposure. For immediate assistance, call (800) 741-3742 begin_of_the_skype_highlighting              (800) 741-3742      end_of_the_skype_highlighting, ext. 3047. More information about your nearest claims office can be found in the Claims Center section of our website.
http://www.firstprofessionals.com/FAQ/default.aspx

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