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A.M. Best Upgrades Physicians Insurance A Mutual Company Rating to A- (Excellent)

Physicians Insurance A Mutual Company has been upgraded to an A- (Excellent) rating by A.M. Best Company, the leading insurance-company rating agency. In its news release on April 23, 2008, A. M. Best noted that Physicians Insurance’s “excellent risk-adjusted capitalization, conservative reserving philosophy and aggressive claims defense position” contributed to the upgrade as well as the significant increase in policyholders’ surplus and improvement of operating profitability.

“I am pleased that A.M. Best has recognized our company’s leadership in providing professional liability insurance and risk management services to Northwest physicians,” says Mary-Lou Misrahy, President and Chief Executive Officer. “Since 2002, with the support and guidance of our board of directors and committees, we have significantly strengthened our operations and fortified the company with excellent leadership. We continue to be recognized for our outstanding claims service, and we have made tremendous achievements in the areas of patient safety and new insurance products that are responsive to the unique needs of Northwest physicians. Our continual efforts have enabled us to move forward, so that today our financial condition is the strongest in the company’s history and we are well positioned for the future.”

Physicians Insurance A Mutual Company provides medical professional liability insurance coverage to over 5,600 physicians and clinics in the states of Washington, Idaho, and Oregon. The company, founded in 1981, has grown steadily over the years and today is the largest insurer of physicians in Washington State.  

For additional details, see A.M. Best's report.



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For all media inquiries, please contact:

David Kinard
Marketing and Communications
206-343-6618 or david@phyins.com



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