TOPEKA, Kan., March 5, 2018 /PRNewswire/ — KaMMCO is pleased to announce the company has been admitted to sell medical professional liability insurance and cyber security insurance in the State of Connecticut. KaMMCO, founded in 1989 by the Kansas Medical Society, has developed a solid reputation built on service, advocacy, protection and innovation. Now, KaMMCO is able to offer its products and services to the physicians and the patients they serve in Connecticut.
As a member-directed insurance and healthcare technology company, KaMMCO provides long-term security and financial stability. KaMMCO is rated “A-” (Excellent) by A.M. Best. “The KaMMCO underwriting discipline and financial strength, combined with our pledge to provide members with superior claims protection offers healthcare professionals a truly unique medical professional liability insurance option,” said Kurt Scott, president and chief executive officer of KaMMCO.
KaMMCO enters the Connecticut market with support from the Connecticut State Medical Society. “We are proud to work with the Connecticut State Medical Society to grow our insurance business,” said Scott, “and we are honored they recognize us as their medical professional liability insurance Preferred Affinity Partner.”
Matthew Katz, executive vice president and chief executive officer of CSMS said, “We are excited to add KaMMCO as a proven insurance option for liability insurance and especially cyber security insurance for our members. KaMMCO is a partner we know we can count on.” Katz added that the cyber security insurance is extremely important to CSMS members following recent identity theft incidents.
KaMMCO began the licensing process early 2017 and received notification from the Connecticut Insurance Department on Feb. 23. “In working closely with the Connecticut State Medical Society on the development and launch of CTHealthLink, the physician-led health information exchange, it became clear that there was an opportunity to further serve the physicians and healthcare providers of Connecticut with valuable insurance products,” Scott added.
KaMMCO will be working with the organization’s brokerage firm, CSMS Insurance Agency, and anticipates quoting coverage later this spring.
KaMMCO is an organization with a board comprised of physician and hospital leaders which serves as a trusted source of innovative insurance and technology solutions designed to meet the unique needs the KaMMCO network of connected healthcare communities.
Formed by Kansas physicians in 1989, KaMMCO has established a reputation of being pro-healthcare professional in the defense of claims, tireless in its efforts as a healthcare professional advocacy organization and innovative in its delivery of health information exchange and business intelligence solutions across the county. The KaMMCO business and reinvestment model, when woven together with the expertise, experience, and success of the KaMMCO team, creates a unique opportunity to partner in the defense of good medicine and healthcare transformation through interoperability and the use of patient data to facilitate research and improve patient outcomes across the nation.
KaMMCO polices issued in Connecticut will be issued by the wholly owned subsidiary, KaMMCO Casualty Company, Inc.
About Connecticut State Medical Society
One of the nation’s oldest medical societies, the Connecticut State Medical Society was founded in 1792 and serves more than 6,000 physicians across the state. The mission of CSMS is to be the voice of all Connecticut physicians; to lead physicians in advocacy; to promote the profession of medicine; to improve the quality of care; and to safeguard the health of our patients.
About Connecticut State Medical Society Insurance Agency (CSMSIA)
CSMSIA is a full-service insurance agency dedicated to offering comprehensive insurance services to physicians, their families and their employees.
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