Coverys News

Studies Find Misdiagnosis Most Common Reason for Malpractice Claims

Two studies released this week underscored the significance of misdiagnosis as a source of medical malpractice claims. Coverys, a malpractice carrier based in Boston, reported that a review of 1,800 closed claims against physicians from 2013 to 2017 showed 46% …

People News: Coverys, FM Global, Tokio Marine

Sheps Promoted to VP of Claims at Coverys Coverys, a provider of medical professional liability insurance, announced the appointment of Stephanie Sheps to vice president of Claims. Sheps inherits the position from Barbara Staples who recently retired from the organization …

Coverys: New Research Analyzes Diagnostic-Related Medical Malpractice Claims

Diagnosis-related events are the single largest root cause of medical professional liability claims, accounting for 33 percent of all claims and 47 percent of indemnity payments, according to Boston-based medical professional liability insurance provider Coverys. The insurer’s latest “Dose of …

Business News: Coverys, CargoNet, Novarica

Coverys Invests in Patient Engagement, Medical Education Companies Coverys, a medical professional liability insurance provider, announced investment in two separate organizations, Knowledge Diffusion, Inc. (Osmosis) and Pack Health, LLC (Pack Health). Both organizations provide innovative resources that help improve patient …

Business News: KCC, Betterview, Coverys

KCC Releases RiskInsight-lite Live Cat Model Catastrophe modeling firm Karen Clark & Company (KCC) announced the release of RiskInsight-lite, a new modeling platform that enables (re)insurers to track their claims and losses in real time from live hurricanes as well …

Business News: EPS Settlements Group, NORCAL Mutual, Coverys

EPS Settlements Group Rebranded as Arcadia EPS Settlements Group recently announced the company’s refreshed brand, including its new name – Arcadia – and logo. Arcadia was born out of a desire to create long-term financial security and an improved quality …

Business News: Coverys, USI, Markel, QBE North America

Coverys Announces Acquisition of Med-IQ Coverys announced the acquisition of Med-IQ, a global provider of medical education and healthcare quality improvement. Baltimore-based Med-IQ provides certified educational courses for clinicians; offers a suite of educational services to hospitals, academic medical centers, …

Business Moves: Coverys, Worley, Guidewire

Coverys Acquires MRM Group Coverys announced its acquisition of MRM Group, LLC, a patient safety and risk management solutions company based in Hartford, Conn. The transaction was finalized on July 29, 2016. MRM Group, formed in 2003, offers a broad …

Coverys Hires Murphy as New Chief Operating Officer

Mass.-based Coverys, a provider of medical professional liability insurance, named Joseph Murphy as the company’s new chief operating officer, effective January 5, 2015. In his new role as COO, Murphy will oversee underwriting, marketing and risk management, and will play …

Coverys Finalizes Acquisition of PPIC

Boston-based Medical Professional Mutual Insurance Co. (ProMutual), a Coverys company, said it has finalized the acquisition of Preferred Professional Insurance Co. (PPIC), located in Omaha, Nebraska. PPIC was formerly owned by 18 Catholic healthcare systems, seven of which are in …