Medical Mutual Insurance Company of Maine - The Advocate - Fall 2011 http://www.medicalmutual.com/publications/advocate/2011/index.php a quarterly newsletter featuring commentary, financial updates, news from all Company departments and guest articles. en-us Copyright 1997-2012 Medical Mutual Insurance Company of Maine webmaster@medicalmutual.com (Mark McGhie) Wed, 25 Jan 2012 14:33:00 EST Sometimes Support for One Community Leads You to Another http://www.medicalmutual.com/publications/advocate/2011/03_1.php http://www.medicalmutual.com/publications/advocate/2011/03_1.php Supporting the medical community takes many forms at Medical Mutual: designing top flight educational programs for practice managers, risk managers and hospital executives; providing complimentary risk management services to all clients; taking an active role in Legislative matters that impact the medical community; and, most of all, providing what we believe are the best medical professional liability insurance programs in the marketplace. And in the name of supporting the needs of our medical community, that marketplace will soon be expanding. Company Welcomes New Board, Committee Members http://www.medicalmutual.com/publications/advocate/2011/03_2.php http://www.medicalmutual.com/publications/advocate/2011/03_2.php Advantages Enjoyed by MPL Specialist Firms http://www.medicalmutual.com/publications/advocate/2011/03_3.php http://www.medicalmutual.com/publications/advocate/2011/03_3.php In contrast to the P&C (property and casualty) industry, the U.S. MPL (medical professional liability) segment sees a considerable contribution from mono-line specialist carriers who comprise a significant portion of the overall MPL insurance market. These MPL specialty companies have a single focus, to provide high quality insurance coverage and service to healthcare providers, and enjoy significant advantages when compared with their smaller self insurance competitors. In this article we highlight a few of these principal advantages. Financial Highlights http://www.medicalmutual.com/publications/advocate/2011/03_4.php http://www.medicalmutual.com/publications/advocate/2011/03_4.php New claims reported in the first nine months of 2011 totaled 202 compared to 214 in 2010. Although claims activity is not consisted year-to-year, the Company has now experienced eight years with new claims activity significantly below levels seen in 2003 and 2002 when 336 and 311 claims were reported respectively, in the first nine months. Action on Rates Signals Continued Stability http://www.medicalmutual.com/publications/advocate/2011/03_5.php http://www.medicalmutual.com/publications/advocate/2011/03_5.php