HPIX began operations in 2002, when the marketplace for physician professional liability insurance was in shambles. We began as a physician focused company, with a steadfast commitment to serving the best interest of our members. As HPIX grew to over 3,000 medical providers in four states, we remained loyal to core values: Qualitative Underwriting, Early Reporting & Intervention, Joint & Coordinated Defense, and unparalleled customer service. In 2008, we combined our Pennsylvania (PAHPIX), New Jersey (NJHPIX), & Maryland (MDHPIX) Exchanges under a common entity: Healthcare Providers Insurance Exchange.
As we approached our tenth year of operations, we sought a strategic partner that shared our physician-centric philosophy to provide the capital needed to augment the balance sheet as well as the products and services offered by HPIX.
In June 2015, HPIX announced that the company reached a definitive agreement with Medical Mutual Insurance Company of North Carolina, whereby Medical Mutual would acquire the rights, title, and interests in the policies of HPIX.
Medical Mutual is a physician-owned company that has been insuring medical professional liability risks since 1975. Medical Mutual was carefully selected by the Directors and senior management of HPIX because of its commitment to physician success, member-value approach, and strong capitalization. Medical Mutual has been continuously rated “A” (Excellent) by A.M. Best since 2004.
HPIX and Medical Mutual completed this transaction on January 1, 2016. The senior leadership team and staff of HPIX joined Medical Mutual to continue to service HPIX claims in the same manner going forward.
For questions regarding the HPIX & Medical Mutual transaction please contact:
Steven W. Sawyer
SVP, Corporate Administration