| The
Midwest Insurance Group, Inc. provides solutions for assisted
living, residential communities and nursing homes seeking
ways to reduce their liability insurance expenses.
The
Midwest Insurance Group, Inc. provides insurance through a
Risk Retention Group owned by its member companies. It was
formed using the laws of the Federal Risk Retention Act of
1986 as an alternative to climbing liability costs in the
healthcare industry.
Midwest
Insurance Group, Inc. is managed by Caitlin-Morgan Insurance
Services. Caitlin-Morgan's insurance professionals have experience
in program development and the placement of program components.
This experience has invested Caitlin-Morgan with a broad base
of industry contacts including reinsurers, fronting carriers,
captives, rent-a-captive facilities and other relationships.
Indiana
healthcare facilities are suffering the consequences of insurance
company losses nationwide. |
As litigation and claim settlements escalate in troubled states,
these losses are passed along as price increases in all states.
However, Indiana offers a favorable legal and regulatory environment
to minimize litigation...the primary reason Midwest Insurance
Group, Inc. was formed as an Indiana-only group. It can write
business in states other than Indiana, but retains its principle
of risk segregation. New states are considered based on volume,
economy of scale and the existing legal environment.
Midwest
Insurance Group, Inc. can also evaluate large individual risks
for a personalized insurance program.
The Midwest Insurance Group, Inc. is reinsured by Lloyds of
London, with an A rating and over $2 billion of assets. This
organization provides extra insurance coverage for catastrophic
events and frequency of claims. |
