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Good Tidings for Policyholders in 2013
Posted on: 12/6/2013

Here's an "ISMIE Mutual overview" of highlights that have occurred over this past year.

Dividend program - ISMIE's dividend program was extended for the seventh year, with a $45 million dividend distribution - its largest ever policyholder disbursement. ISMIE also declared an additional $20 million special dividend with deferred distribution.

A.M. Best rating - A.M. Best announced an upgrade to ISMIE's financial strength rating to A- (Excellent) from B++ and the issuer credit rating to "a-" from "bbb+." The outlook for both ratings was revised to stable from positive. In issuing this rating elevation, Best recognized ISMIE to be a financially secure company with long-term viability in the Illinois medical liability market.

Risk management education - Throughout this year, ISMIE offered a variety of on-demand risk management courses, at no charge to policyholders, including those that fulfill the Fellowship and Fellowship renewal requirements. Webinars were also part of the education mix, offering topics such as practice assessments and EHRs, and then archived for later access. Live seminars and Practice Management Days delivered expert guidance on communication skills, EHR implementation and hospital employment options.

ISMIElogoExemplary claims service - Policyholders continue to give ISMIE high marks for their claims experiences. In fact, the latest mean score for the physicians' "overall satisfaction with your ISMIE team" is a 9.3 (out of 10). For 14 survey cycles in a row, the score stayed at 9.2 or above.

As medical practices evolve, ISMIE works to provide the best medical liability coverage at the fairest possible price. Times may change, but ISMIE's commitment to Illinois physicians is steadfast.

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