When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. Maryland Executive Commissions, Committees, Task Forces, Advisory BoardsĮ-mail: web site is presented for reference purposes under the doctrine of fair use. Maryland Constitutional Offices & Agencies Chosen Outstanding Young Men of America, by National Jaycees, 1981. Law clerk, Supreme Bench of Baltimore City. University of Baltimore School of Law, J.D., 1982. (dean's list varsity lacrosse), 1975 The Johns Hopkins University Loyola College, M.B.A. Joseph High School, Baltimore, Maryland Villanova University, B.A. Member, Appropriations Committee, 1979 Economic Matters Committee, 1980-82.Īttended Mount St. Member, House of Delegates, representing District 43 (Baltimore City), 1979-82. Member, Community Services Advisory Commission, 1987-96 Maryland 1992 Commission, 1989-92 Governor's Commission on Baltimore City Automobile-Insurance Rate Reduction, 1995-96. Chair, Baltimore City Senate Delegation, 1987-96. Senate Chair, Joint Committee on Administrative, Executive and Legislative Review, 1995-96 (member, 1985-86). Member, Rules Committee, 1991 (chair, 1995-96) Tort and Insurance Reform Oversight Committee, 1991-93 Special Joint Committee on Economic Development Strategy Workers' Compensation Benefit and Insurance Oversight Committee, 1995 Finance Committee, 1995-96 (health subcommittee) Executive Nominations Committee, 1995-96 Legislative Policy Committee, 1995-96 Special Joint Committee on Pensions, 1995-96 Property-Tax Payment Task Force, 1995-96. Chair, Reapportionment and Redistricting Committee, 1991-92. Member, Judicial Proceedings Committee, 1983-94 Joint Committee on Federal Relations, 1985-86 Special Joint Committee on Ports, 1985-86. Member of Senate, representing District 43 (Baltimore City), 1983-96. Pica, Jr., Maryland State Senator SENATE FORMER SENATORS
Pica insurance professional#
If you are unsure of the options available to you, get access here to the nationwide professional liability insurance program exclusively for podiatric physicians.John A. Given ProAssurance’s track record, and the Malpractice rate crunch, though, the ProAssurance acquisition may well equate to lower costs for the podiatrists and their patients alike. In fact, it can sometimes result in a net loss for them, as the acquiring company’s interests may not be as dedicated in their practices as were those running the Mutual. When a strong entity like PICA is acquired in this fashion, there is little gain for the policy holder. Of course, the reward may be seen when PICA’s shareholders ratify the acquisition. ProAssurance Group’s A- rating apparently already has them well bolstered, as the announcement brought their stock up less than half of one percent on February 3rd, 2009.
Perhaps they hope to gain some good will with the legal prong of the profession. GLIC is nowhere near the heavy hitter that the other two are, producing only $2.3 million in net premiums during 2007. They’ve also gained the go-ahead to purchase Georgia Lawyers Insurance Company, which provides E&0 policies for some 2700 attorneys within ProAssurance’s home state of Georgia. They’ve also just acquired Mid-Continent General Agency, which writes $25 million a year for ancillary health care providers and other professional liability products. This isn’t the only iron ProAssurance has in the fire.
ProAssurance looks forward to the acquisition as they expand their involvements in professional liability for medical professionals. In all, PICA insures about 9,800 podiatrists, giving them a 70% market share which amounted to $104.2 million in net premiums for 2007 they’re a major player.
The likelihood is that the aquisition will go through. If they approve it, they’ll receive some $120 million for the new stock, as well as $15 million in premium credits over the next 3 years, commencing in 2010. The acquisition now goes to a shareholders’ vote on March 31, 2009. ProAssurance has obtained permission to acquire PICA Group, a Mutual which provides Medical Malpractice Insurance for podiatrists in 47 states as well as the D.C., through a Sponsored Demutualization.
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