JACKSONVILLE, Fla., Nov. 11, 2015 (GLOBE NEWSWIRE) -- Jacksonville-based MedMal Direct Insurance Company (MedMal Direct) announced today that it is officially launching operations as a medical professional liability insurance carrier in Missouri.
MedMal Direct is the fastest growing malpractice insurance company in the nation. The Company started in 2010 on a mission to streamline the process of insuring healthcare providers and to offer unmatched value and superior service to the modern physician. MedMal Direct now offers coverage in eight states: Florida, Georgia, Illinois, Missouri, North Carolina, Ohio, Pennsylvania, and Texas. Over the past 5 years, MedMal Direct has grown its book of business to over $15 million in annual premium and currently insures more than 2,300 physicians, surgeons, allied healthcare professionals and healthcare facilities.
In 2015, MedMal Direct was recognized in the top 20 percent of Inc. Magazine's, “Inc. 5000” Fastest-Growing Private Companies in America. The company was also acknowledged in the Orlando Business Journal’s, “Fast 100” and the Jacksonville Business Journal’s “Fast 50.”
“Our direct-to-consumer model has allowed us to save millions of dollars for healthcare providers across the country, while providing them with a level of service that other carriers quite simply cannot,” said Butler Ball, Chief Executive Officer of MedMal Direct.” I am thrilled to be able to expand our unique business model to practicing physicians in the ‘show-me’ state and we are honored to be a part of the solution providing assistance to Missouri doctors by reducing their overhead expense.”
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is a multi-state medical malpractice insurance carrier which offers its policies direct to physicians. The company enables physician practices in Florida, Georgia, Illinois, Missouri, North Carolina, Ohio, Pennsylvania, and Texas to realize significant savings on one of their largest expenses – medical professional liability insurance premiums. MedMal Direct has earned and maintains a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. The company is backed by Liberty Mutual Insurance Company and a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers with $425 billion in assets. Visit MedMalDirect.com for more information.