FOR IMMEDIATE RELEASE:
ATLANTA, GA, (September 27, 2007) – MAG Mutual Insurance Company announced today
that for policies effective November 1, 2007, its Georgia insured physicians and surgeons will
save an average of 10% when purchasing their medical professional liability insurance.
With the passage of Georgia’s tort reform law in February 2005, MAG Mutual promised to pass
on the savings as the benefits of the law appeared. Since that time, the number of claims against
physicians and the amount paid per claim have declined. The tort reform law is working as
intended by the Georgia legislature.
The 10% savings is the combination of a rate reduction, the recently announced policyholder
dividend and the company’s new 0% financing plan for installment payment of premiums.
Savings for individual policyholders will range from a minimum of 5% to as much as 15%,
depending on the physician’s medical specialty and other factors.
MAG Mutual Insurance Company is a physician-owned and led mutual insurance company,
based in Atlanta, Georgia. It is the 8th largest medical professional liability company in the U.S.
and is celebrating its 25th anniversary of serving Georgia’s physicians in 2007.
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Media Contact:
Rosalyn R. Barnes, CPSM
Communications Specialist
MAG Mutual Insurance Company
Eight Piedmont Center, Suite 600
3525 Piedmont Road
Atlanta, GA 30305
Voice 404-842-5641
Fax 404-842-5614