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ATLANTA (April 23, 2015) – MagMutual Insurance Company, the Southeast’s largest medical professional liability insurer, announced today it will set aside the full value of its obligation for the Owners Circle® loyalty program. By voluntarily specifying these funds on financial statements, MagMutual becomes the first medical liability insurer to allocate funds for loyal policyholder-owners while calling for greater transparency across the industry. Since 2012, MagMutual has declared $200 Million in loyalty funds beyond dividends, including $50 Million this month. CEO Dr. Joseph Wilson said the company can do this without impacting financial status and ability to pay claims. MagMutual reported 2015 financials including total admitted assets of more than $1.6 Billion, with over $773 Million in surplus – the strongest in its 33-year history.... more
ATLANTA (March 10, 2015) – MagMutual Insurance Company, the Southeast’s largest policyholder-owned professional liability insurer, today announced ...more
ATLANTA (Feb. 24, 2015) – MagMutual Insurance Company, the Southeast’s largest policyholder-owned professional liability insurer, announces Bryan B...more