The Vermont-based Community Hospital Alternative for Risk Transfer has been awarded a 2013 Stakeholder Team Accomplishment Recognition award by Demotech.
The company provides medical malpractice and general liability coverage to hospitals and their physicians in Pennsylvania, West Virginia and New York.
The firm was presented with the award for its operating results in 2012, as verified in its June 30, 2013 statutory quarterly statement. A total of 2,736 property and casualty carriers were reviewed, with only 1.6 percent meeting the criteria.
Demotech developed the award to identify and recognize insurers that were able to satisfy all stakeholders rather than a single segment of interested parties.
The award demonstrates that the RRG’s employees and producers benefited from a combined compensation level above the median within the company's classification system category, and that overall profitability was in the top third of its Company Classification System category based upon return on net admitted assets.
