MedMal Direct Insurance Company
MedMal Direct Insurance Company (MedMal Direct) is a direct-write medical malpractice insurance company headquartered in Jacksonville, Florida. MedMal Direct Insurance does not use independent brokers, but rather sells insurance coverage through its website, sales representatives, and direct marketing. The company provides medical professional liability insurance, regulatory compliance protection, and cyber-liability coverage directly to healthcare providers and healthcare facilities.
| Motto | Insuring A Healthy Practice |
|---|---|
| Headquarters | Jacksonville, Florida |
Area served | Florida |
| Website | www.medmaldirect.com |
The company enables physician practices in Alabama, Florida, Georgia, Illinois, Indiana, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas and Virginia to realize significant savings on one of their largest expenses – medical professional liability insurance premiums. A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” from “bbb” of MedMal Direct Insurance Company (MedMal Direct) (Jacksonville, FL). The outlook of these Credit Ratings (ratings) has been revised to negative from stable. Concurrently, A.M. Best has withdrawn the ratings as the company has requested to no longer participate in A.M. Best's interactive rating process.. The company was backed by Liberty Mutual Insurance Company until 2018 but that relationship was terminated; today the company is backed by a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers with $230 billion in assets. However, these reinsurance relationships do not in any way guarantee the solvency of the company.
Management Team
- P. Butler Ball, Chief Executive Officer & President
- Timothy R. Bone, Chief Claims Officer