Medical Protective Remains the Nation’s Strongest Medical Liability Carrier
S&P again renews Medical Protective’s “AAA” rating
FORT WAYNE, IN – June 15, 2009 – Once again the independent rating agency Standard & Poor’s Rating Services (S&P) confirmed Medical Protective’s “AAA” (Extremely Strong) financial strength rating, the highest insurer financial strength rating assigned by S&P. Medical Protective continues to be the only medical liability insurer to receive S&P’s “AAA” rating and A.M. Best Company’s “A++” rating.
“Since 1899 – triple the longevity of our closest competitors – Medical Protective has provided the strongest and most able defense of the assets and reputations of the nations’ healthcare providers. We are pleased that S&P again has affirmed our AAA financial strength rating, and we remain committed to being the strongest and most reliable med mal carrier in the nation,” said Timothy Kenesey, President and Chief Executive Officer of Medical Protective. “As in every insurance cycle, there now seem to be a fair number of new and more aggressive existing competitors – many unwilling or unable to seek independent ratings from organizations like S&P and A.M. Best – who purport to sell healthcare providers long-term protection and security, but lack the necessary defense expertise and financial capacity. It is thus more important than ever for healthcare providers to choose a medmal carrier that has an ability to mount and fund the strongest and most-winning defense, that has the offerings and solutions to help improve patient safety and mitigate risk, and that has the financial strength to ensure that any long-standing claims never wind up on their doorstep. Medical Protective is the carrier offering this peace of mind, and we remain honored that more of the nations’ healthcare providers chose Medical Protective over any other.”
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