Caitlin Morgan Insurance Services, a leader in the development of specialty insurance programs and alternative risk solutions, announced today the 10-year anniversary of the founding of the firm's Midwest Insurance Group (MIG), a risk retention group, was formed for Indiana healthcare firms operating in the senior living care market when coverage was not commercially available. A Risk Retention Group operates under the auspices of the 1986 Risk Retention Act (RRA) and is a group self-insurance plan for the purpose of retaining risk amongst its members while delivering premiums and coverage specifically based upon the members' performance.
"We are pleased to provide the healthcare industry in Indiana with a sustainable and consistently well managed program that provides our policyholders with an established and stable market coverage and rates," said Chris Murray, president of Caitlin Morgan. "This is particularly critical for long-term care facilities and senior living facilities where Professional Liability and Medical Malpractice Liability exposures are significant. With Midwest Insurance Group, policyholders, who also are owners in the insurer, have a mutual interest in keeping losses down through strong risk management implementation and oversight.
Caitlin Morgan is very proud of its track record of providing specialty insurance and risk solutions to its independent retail insurance agencies and brokers, especially when traditional insurance markets may restrict coverage or provide adequate liability limits. "Many of our agents and brokers", said Mr. Murray, "contact our firm when their clients are contending with coverage issues, rating inconsistencies or some other bias".
In recognition of Caitlin Morgan's continued success in providing advanced risk transfer solutions, which includes captives, risk retention groups and niche programs, the firm has unveiled a new corporate brand identity program, a completely new website and the roll out of Constitution Insurance Company, its new protective cell company, domiciled in Tennessee. Constitution Insurance is owned and operated by Chicago-based captive manager M.R. Mead & Company, with offices also in Wisconsin and Missouri and Caitlin Morgan Insurance Services. Mr. Murray stated that the actions reflect the company's future strategic direction, mission, and goals.
About Caitlin Morgan
Caitlin Morgan Insurance Services assists independent insurance agents in placing business and developing package programs for select industry niches, providing products in four core areas: Workers' Compensation Wholesale Brokerage, Captive Consulting and Administration, Alternative Risk Products, and Healthcare Wholesale Brokerage.
For more information, please contact Chris Murray at 317-575-3979. Website: www.caitlin-morgan.com