Articles from EmPRO Insurance Company

In the first paragraph, second sentence the text should read: with liabilities of $466.4 million (instead of: with liabilities of $446.4 million).

EmPRO Insurance Company (“EmPRO”), a subsidiary of Physicians’ Reciprocal Insurers (“PRI”), and the third largest admitted medical malpractice insurer in New York state, today announced the opening of its first office in New Jersey, marking a significant milestone in the company's strategic expansion plan throughout the Northeast. This new venture, based in Hamilton, New Jersey, is guided by Brian Kriger, EmPRO’s newly appointed Vice President of Underwriting.

In a grand celebration at Pier 60 Chelsea Piers, Bruce Shulan, President and CEO of EmPRO Insurance Company, was honored with the distinguished "Trailblazer Award" at the Chinese American Medical Society (CAMS) and Coalition of Asian-American IPA (CAIPA) annual Red Lantern Gala on November 4, 2023. The event not only highlighted the outstanding achievements of Shulan but also marked the significant milestone of CAMS' 60th Anniversary.

EmPRO Insurance Company (“EmPRO” or collectively “the Company”), a subsidiary of Physicians’ Reciprocal Insurers (PRI), and the third largest admitted medical malpractice insurer in New York state, today announced it has been authorized to write business in New Jersey as of June 15th. Having entered the Pennsylvania market in late 2022 and Connecticut earlier this year with plans to add more states in the next 12 months, EmPRO continues to execute its plan to grow into a major insurer throughout the Northeast.

EmPRO Insurance Company (“EmPRO” or “the Company”), a licensed medical professional liability insurance carrier serving physicians and healthcare facilities, marked its second-year writing business as the third largest admitted medical malpractice insurer in New York State. EmPRO, a wholly owned subsidiary of Physicians’ Reciprocal Insurers (“PRI”), was capitalized in 2020 with $100 million of surplus by its parent, PRI, while assuming all of PRI’s active New York business. For year ended December 31, 2022, EmPRO recorded another year of outstanding financial performance reporting admitted assets of $395.8 million, liabilities of $283.7 million, reserves of $176.9 million, surplus of $112.1 million, gross written premium of $178.4 million, net income of $12.1 million and achieving a combined ratio of 82.7 percent.

EmPRO Insurance Company (“EmPRO” or “the Company”), a licensed medical liability insurance carrier based in New York State, today announced that its education program for physicians has received international recognition with three new awards. These are the first awards for EmPRO, adding to the 17 awards previously achieved by its parent, Physicians’ Reciprocal Insurers.

EmPRO Insurance Company and its parent company (“EmPRO” or collectively “the Company”), the third largest admitted medical malpractice insurer in New York State, today announced that the Company recorded another year of outstanding financial performance in 2021, growing its surplus by $29 million, achieving $16 million in underwriting gains, and achieving a combined ratio of 78.9 percent.

EmPRO Insurance Company (“EmPRO” and “the Company”), a licensed medical professional liability insurance carrier serving physicians and healthcare facilities in New York State, marks its one year anniversary with the announcement that it has successfully migrated all the in-force policies of parent company Physicians’ Reciprocal Insurers (“PRI”) to EmPRO.