magmutual in florida - dave 2016

MagMutual The best partner for healthcare professionals in Florida

©2015 MagMutual Insurance Company. All rights reserved. Content may not be reproduced or redistributed, in whole or in part, without prior written permission. 1

Dave Dubowy

Account Executive, South Florida

MagMutual Insurance Company

(305) 792-8348 [email protected]

For over 30 years, MagMutual has focused on

providing the best coverage in the Southeast

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20,000+ Physicians 50+ Hospitals

Insured

20% and Greater

10% - 19.9%

5% - 9.9%

0% - 4.9%

MPL Market Share

Main Office

Regional Office

Office Locations

Atlanta, GA

Orlando, FL

Columbia, SC

Raleigh, NC

Glen Allen, VA

Birmingham, AL

Charlotte, NC

#9 1.7% #2

9.6%

#2 9.6%

#1 35.2%

#4 6.3%

#1 21.5%

#2 17.8%

#5 8.5%

#14 1.2%

MPL premium, market share and rank as of September 30, 2015

©2015 MagMutual Insurance Company. All rights reserved.

COPIC -Pending

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DC

While continually expanding their corporate

footprint to stay ahead of policyholders

MagMutual Admitted

PSIC Authorized

COPIC Admitted

MPL Rank, by State as at 12/31/2014

Source: SNL Financial data, group/combined level for all companies


MagMutual is committed to positive

relationships with PolicyOwnersSM

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At MagMutual, we earn the loyalty of our policyholders by delivering the best value and customer experience.

For this reason, over ½ of our policyholders have been with us ten years or more.

Ove

r

20,000 Physicians

Insured O

ve

r

4,000 Florida

Physicians Insured

Ove

r

50

Hospitals Insured

Ove

r

1/2 Of

PolicyOwners with MagMutual

10+ years


MagMutual is the largest physician liability

insurance carrier in the Southeast

10%

9%

8%

19%

16%

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Sources: SNL Financial, Annual Statement data, last 12 months as at 9/30/2015. If companies have not filed as at 9/30/2015, 12/31/2014 reported premium was referenced. SC JUA and SC PCF pulled from individual annual statements - SC JUA as of December 31, 2014; SC PCF as of June 30, 2015.

Percentage of Southeast Physician Liability Premium Last 12 months as at 9/30/2015


Top 5 insurers: 62% OF MARKET

And second largest in Florida

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15%

10%

5% 10%

30% Percentage of Florida Physician Liability Premium Last 12 months as at 9/30/2015

Sources: SNL Financial, Annual Statement data, last 12 months as at 9/30/2015. If companies have not filed as at 9/30/2015, 12/31/2014 reported premium was referenced.


Top 5 insurers: 70% OF MARKET

©2015 MagMutual Insurance Company. All rights reserved. 7

The strongest coverage

As a company founded by physicians and owned 100% by policyholders, physicians and healthcare professionals, MagMutual’s coverage was designed specifically for the medical community

MagMutual has created an unique ability to

go where the market is going

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Po

ten

tial R

etu

rn

Volatility / Uncertainty

Retrospective

Rating

Guaranteed Cost

Large Deductible

Protected Cell Captive

Single Parent

Captive


With a policy that provides for the clearest and

strongest coverage available in Florida


Our newly revised policy:

• 8 pages, with no exclusion section

• A comprehensive summary of coverages

• Clear explanations of the company’s and the insured’s respective responsibilities

• Separate limit provided for both mother and child

• Policyholder always retains the consent to settle

• Locum tenens covered automatically, up to 60 days per year without separate endorsement

Workers’ Compensation

Hospital Professional

Liability

General and Employee Benefit

Liability

Physicians Liability

Umbrella Cyber &

Regulatory

General Liability Directors & Officers

We have expanded our coverage offerings and

partnerships to simply insurance for our policyholders

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Comprehensive and coordinated coverage…

…defense and patient safety


MagMutual returns more premium to Florida

physicians than any other insurer


Source: MagMutual, values based on all MagMutual territories, not just Florida

$15M $15M

$13M $14.5M

$25M

$0M

$5M

$10M

$15M

$20M

$25M

2012 2013 2014 2015 2016

30%

20%

25% 25%

20%

0%

5%

10%

15%

20%

25%

30%

2012 2013 2014 2015 2016

120% of premium

allocated since 2012

$82.5 Million declared in the last 5 years over $175 Million declared since inception

6.9% 6.4% 7.5% 6.9%

With the assurance that the funds will be

there when you are ready to claim them

A Lesson in Appearances MagMutual First to Allocate Millions for Loyal Policyholders

• MagMutual is the first medical liability insurer to set aside the full value of our obligation for the Owners circle Rewards program

• Until now, no insurer volunteered

to make such provisions

• MagMutual’s June 2015 press release was a public announcement of our commitment to honor this obligation to our PolicyOwnersSM

• $200 million allocated • 900+ awards paid to date

12 ©2015 MagMutual Insurance Company. All rights reserved.

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The Best Patient Safety MagMutual continuously invests in Patient Safety for the benefit of PolicyOwnersSM

With MagMutual, PolicyOwners have direct

access to the Patient Safety Institute

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The MagMutual Patient Safety Institute collaborates to produce

the highest quality educational resources, including:

• Continuing Medical Education

• Continuing Nursing Education

• Risk reduction strategies

• Claims lessons learned

• Staff training modules

• Patient safety articles and assessments

• MagConnect patient safety newsletter

73% OF

CLOSED CLAIMS 2010-2014


Source: MagMutual Claims Data

Medical doctors, nurses, and clinicians, trained in

patient safety and risk management, focused on you

Dedicated Patient Safety Consultant

Patient Safety Support from a team of Doctors, Legal Consultants and Patient Safety Consultants

Clinically Focused Patient Safety Assessment (5% discount)

Access to the MagMutual Patient Safety Online Library

Onsite and Online Patient Safety CME/CNE and Staff Education Programs (5% discount)

Regular Risk and Patient Safety Check-ups

Access to ECRI Institute Physician Practice Risk Management (PPRM) program

15 ©2015 MagMutual Insurance Company. All rights reserved.


The Best Defense It’s about defending and supporting healthcare providers throughout the litigation process

MagMutual successfully manages indemnity

claims on behalf of insureds

Source: MagMutual claims data

17

106

73 92 99

82

92% 89% 90% 87% 86%

0%

20%

40%

60%

80%

100%

0

20

40

60

80

100

120

2011 2012 2013 2014 2015

Tri

al V

icto

ry R

ate

Nu

mb

er

of

Tri

als

Number of Trials 5-Year Cumulative Trial Win Rate

80% of MagMutual claims are closed without payment to the claimant

MagMutual National Trial Statistics Trial Years 2011 - 2015


With a claims management philosophy that

puts physicians’ interests first

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A thorough and objective investigation by the file handler, supervisor, defense

counsel, and insured to evaluate and bring case to ultimate conclusion.

To aggressively defend non-meritorious

claims while equitably settling valid claims for a fair and reasonable amount.


And an entire suite of services you can count

on should have you a claim

Personal Contact Immediate personal contact by the claims representative who remains involved until conclusion

Physician-led Claims Committee Cases are presented by a local Medical Advisor of the same or similar specialty to a group of local healthcare providers for review

Attendance at Trial Personal involvement of the claims representative before and during trial

Effective File Handling Aggressive work up, early expert reviews and continual evaluation of cases

DefenseNet™ Secure and trademarked website that contains a research database, expert testimony repository and communications tools shared with all defense counsel

Doctor2Doctor™ Peer Support Physicians who have been through litigation support other physicians throughout the litigation process

Internal Medical Reviewers Medical records are reviewed by expert physicians in the same or similar specialty to give us their unbiased opinion of the care rendered

Witness Preparation We invest additional time and resources to assist you and your expert witnesses before deposition and trial

Expert Witness Database Over 2,300 experts in all specialties with evaluations of their trial performance kept in one database

Attorney Panel The best local attorneys in the state to represent the interests of our PolicyOwners℠


Doctor2Doctor® offers unparalleled support

for physicians involved in litigation

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through the emotional stress of litigation. It was created after listening to the needs of our physician insureds. The program currently has over 100 physician peer supporters across the Southeast across all specialties and practice settings.

Physicians who have been through litigation supporting other physicians. Doctor2Doctor® is a first-of-its-kind peer support program to help physicians


MagMutual’s Florida claims team has over 200 years

of collective experience in claims and litigation

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Source: MagMutual Claims Department


Florida Claims Team by years of experience

Six of our Florida claims professionals have 20+ years of experience in claims and litigation management

Backed-up by a claims committee composed

of Florida physicians and claim professionals


Seated L-R: Celia K. Nelson, MD, Leesburg Regional Medical Center – Leesburg; Steve Canterbury, MagMutual Director, Florida Claims – Orlando; David T. Stewart, Jr., MD, Pathology Associates – Tallahassee; James B. Ball, Jr., MD – Tampa

Standing L-R: Peter Jansen, MD, Dopson Family Medical Center – Macclenny; Jose A. Giron, MD, Orlando Infectious Disease Center, PA – Orlando; Daniel Summers, MD, West Florida Medical Center Clinic – Pensacola; Kamal Haider, MD, Clark & Daughtrey Medical Group, PA – Lakeland; Curtis Weaver, MD, Florida Heart Group, PA – Orlando; E. Daniel DeLoach, MD, Committee Chairman, Savannah Plastic Surgery – Savannah, GA; Joseph S. Wilson, Jr., MD, MagMutual Chairman and CEO – Atlanta, GA; Michael Meyer, MagMutual Director of Claims for Florida, South Carolina and Virginia; Richard Kreinest, MD, Alliance Medical Practices –Gainesville Not pictured: Phillip Anderson, MD, Central Florida Cardiology Group – Orlando; Bruce H. Breit, MD, Women’s Care Florida - Tampa


Why MagMutual? Why do over 4,000 Florida physicians choose to partner with MagMutual?

Everything MagMutual does comes back to

putting PolicyOwnersSM first


1 Putting our policyholders’ interests first

2 Delivering the Best product

3 Maximizing our influence for our policyholders’ benefit

Optimally managing our company 4

Rated ‘A’ by A.M. Best $1.7 billion in assets; $880.7 million in surplus

We’d love to tell you more about

the MagMutual difference

For more information please contact:

Bryan Bowdish

Senior Vice President, Florida


(407) 345-7542 | [email protected]

Dave Dubowy

Account Executive, South Florida


(305) 792-8348 | [email protected]

magmutual in florida - dave 2016

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