New Missouri Malpractice Carrier

Physicians have formed their third medical malpractice insurer under a special Missouri law that allows such firms to open without the typical capital investment. Department of Insurance Director Scott Lakin issued an operating license to Missouri Doctors Mutual Insurance Co., a St. Joseph-based concern that includes a state House member among its organizers. State Rep. Robert Schaaf, a family physician, will serve as board chairman of the new firm, which he formed with two other St. Joseph doctors, James Conant and Deborah Stoner (Bryan); policyholders, however, will own the company by law. The company is the eighth new entry into Missouri's medical malpractice market in the past year, although not all those companies are actively marketing.
- posted by Donald @ 2:50 PM