| Our Partners - Missouri Professionals Mutual (MPM) |
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As the exclusive broker for Missouri Professionals Mutual (MPM), we are proud to say that our partnership has restored stability to the medical malpractice insurance market in Missouri. MPM is the largest medical professional liability insurance company in the state. Since its inception in 2003, MPM has been an advocate for its physician members, and defended and saved Missouri doctors thousands of dollars. We look forward to serving the needs of Missouri physicians through this partnership.
Established in 2003, MPM is Missouri's number one choice for medical professional liability insurance and provides comprehensive coverage to nearly one-third of all Missouri physicians. This strength in numbers empowers our member physicians to do what they do best focus, worry free, on the effective practice of medicine to serve Missouri citizens with quality medical care. They are there, first and foremost, to help protect the assets, financial integrity and reputations of our physician-policyholders in the event of a claim. Missouri Medical Malpractice Insurance SummaryThe Missouri Department of Insurance has released its 2010 Missouri Medical Malpractice Insurance Report. The Missouri Department of Insurance has collected data on Missouri medical malpractice claims for more than 30 years. This is important data for physicians, hospitals, and insurance companies because it shows how claim frequency and severity fluctuates from year to year. The 2010 report shows that the number of malpractice claims in MO has trended downward substantially since 2005. The number of claims in '05 was 3,216 and was down to 1,708 in 2010. Not only were the number of claims down, but the amount of average payments declined to $200,765 down from the highest average of over $250,000 in '05. The declining number of malpractice claims in the state has created a climate that is favorable for medical malpractice insurance companies as well as hospitals and physicians. The rates for medical malpractice insurance in Missouri are very competitive. Physicians are paying lower premiums as a result of the stable environment, and most physicians see Missouri as good place to practice medicine. |
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