JACKSONVILLE, Fla., Sept. 25, 2014 (GLOBE NEWSWIRE) -- Jacksonville-based MedMal Direct Insurance Company (MedMal Direct) was recognized as one of Florida's fastest growing companies and was named to the 2014 Florida Fast 100 List as the 19th fastest growing company in the State of Florida.
MedMal Direct debuted on the 2014 Florida Fast 100 List after realizing more than 344 percent revenue growth between 2011 and 2013. The list recognizes the 100 fastest growing companies in Florida each year and is compiled using data obtained by research directors of the four Florida Business Journal markets including Jacksonville, Orlando, South Florida and Tampa Bay.
Michael J. Wallace, Chief Financial Officer and Chief Operating Officer of MedMal Direct, said, "MedMal Direct has been so successful because it brought to market a very simple solution that helps improve the bottom line of physician practices by helping them save money on something that they need - medical malpractice insurance."
"Our message has been resonating with doctors at a time when staying in private practice is harder than ever. We are indeed providing our physicians with a product that they need and delivering it more efficiently and cost-effectively," said Butler Ball, Chief Executive Officer of MedMal Direct. "Additionally, it doesn't hurt that we wake up earlier and work harder to provide the best possible service for our customers."
About MedMal Direct Insurance Company:
MedMal Direct Insurance Company (MedMal Direct) is one of the fastest growing professional liability insurance companies in the nation and is the only national medical malpractice insurance carrier to exclusively offer its policies direct to physicians. The company currently operates in Florida, Georgia, Illinois, North Carolina and Texas and enables physician practices to realize significant savings on one of their largest expenses -- medical professional liability insurance premiums. MedMal Direct has earned and maintains a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. and is backed by a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers with $125 billion in assets. With a strong balance sheet, a conservative underwriting philosophy, and outstanding litigation management, MedMal Direct provides physician practices with the comfort and protection they need at a lower price. "It's Better To Be Direct." Visit www.mymedmal.com for more information.