Contact Information: Media Contact: Mechlin Moore MDM Communications Office: 845-920-7081 Cell: 239-777-1595 Underwriting Contacts: Dwain Chamberlain Vice President-Underwriting Office: 678-781-2415 Lynda Knowles Director of Underwriting-Allied Healthcare Lines Office: 678-781-2381
Risk Retention Groups Merge to Insure Long-Term Care Facilities and Nurses
| Source: Lewis & Clark LTC RRG, Inc.
ATLANTA, GA--(Marketwire - January 12, 2010) - Lewis & Clark LTC RRG, Inc., the nationwide
provider of liability insurance to long-term care facilities, has merged
with Sophia Palmer Nurses RRG, Inc., Sanford Elsass, President of The
Uni-Ter Group, administrator of both Risk Retention Groups (RRG),
announced.
Sophia Palmer RRG was established in 2006 to provide nurses in Florida with
professional liability coverage that was not available in the traditional
insurance market. As a result of the merger, availability of coverage will
be extended to nurses in 48 states served by Lewis & Clark.
"Sophia Palmer's successful experience in serving nurses, nurse
practitioners, physicians' assistants, and allied healthcare professionals
in Florida led us to extend coverage across the country through the merger
with Lewis & Clark," Elsass said. "The Uni-Ter Companies will continue to
underwrite, administer, risk manage, and handle Sophia Palmer claims, so
rest assured you will still receive exceptional service and commitment,"
Elsass advised current policyholders.
The merger will permit nurses to keep their insurance when they move from
state to state -- a major benefit not previously available. As an RRG,
policyholders are shareholders. They own the company. Under the merger,
nurses holding stock in Sophia Palmer will receive equivalent shares of
Lewis & Clark.
Through the merger, coverage will be open to additional professional
classes of allied healthcare providers and facilities. Existing policies
will be converted to Lewis & Clark at renewal so medical practitioners
covered by existing policies will not need to take any action.
The merger went into effect December 4, 2009 upon approval of both Boards
of Directors.