LAMMICO’s mission is to provide medical professional liability insurance products and services at the lowest rates consistent with sound operating principles, while maintaining rate stability and adequate surplus. The uncertainty our policyholders face as the result of the COVID-19 pandemic makes rate stability and being insured by a strong professional liability insurance company increasingly important. We are pleased to announce that your Company’s Board of Directors has reinforced LAMMICO’s long-standing history of rate stability by keeping rates unchanged for 2021.
LAMMICO Rates Are Not PCF Surcharges
Remember that while we help streamline processes by combining LAMMICO and Louisiana Patient's Compensation Fund (PCF) invoices, LAMMICO premium rates are separate and distinct from PCF surcharges.