Curi's Q1 '25 Updates

View in browser

MEDICAL PROFESSIONAL LIABILITY | ALTERNATIVE RISK SOLUTIONS | NON-STANDARD LIABILITY

Dear Broker Partners,

We'd like to share a few Curi updates about products and services designed to simplify things for you and your clients.

NEW

Tort Reform

In alignment with our commitment to defending good medicine, Curi partners with state medical associations and legal and lobbying experts to help advance tort reform bills in the states where our clients practice medicine. We are pleased to share an update on three recent tort reform wins for our clients in Georgia, Montana, and Utah!

Why is Curi interested in tort reform? The rationale behind the movement for tort reform comes from four key components:

Eager to sue: Society is too eager to sue, leading to frivolous lawsuits.
Large awards: Jury awards are too large.
Defensive medicine: Doctors practice defensive medicine to avoid being sued—costing time and money.
Healthcare costs: Tort reform can help decrease the cost of healthcare and MPL premiums.

What happened in Georgia, Montana, and Utah? Below are links to the three emails we sent to our Curi Insurance clients in these states that outline the recent House Bills passed in their state:

Underwriting New Business Standards: Submission Needs for Core Physician & Custom

Brokers are asked to send all submissions to submission@curi.com to ensure quick and proper setup in our systems. Please CC your Business Development Director and Underwriter to help expedite the underwriting process.

SEE SUBMISSION GUIDE

The Legacy Fund & Dividends Update:
Strengthening Our Shared Future

As a valued partner, we want to share an important update regarding this year’s Legacy Fund and Dividend allocations, and how we're continuing to invest in our collective success.

Each year, we carefully evaluate a range of factors to determine contributions to Dividends and the Legacy Fund. This year, our evaluation included heightened claims activity, ongoing market fluctuations, and the strategic investment in tort reform advocacy and other initiatives that secure our long-term strength.

In light of these priorities, we have made a forward-focused decision to direct our resources toward initiatives that will deliver more impactful, long-term value for you and your clients. As such, we will not be allocating funds to Dividends or the Legacy Fund program this year. Importantly, this does not affect any current Legacy Fund balances or eligibility for qualifying event payouts. Clients with Legacy Fund accounts will receive their bi-annual statements and additional information in July.

Our commitment to you, our mutual clients, and our offerings remains stronger than ever. We are channeling investments into expanded solutions, new capabilities, and support services that help you assist your clients with greater confidence and impact. These enhancements are designed to deepen our partnership, adapt to our clients' evolving needs, and reinforce the durability of the programs we've built together.

Thank you for your continued trust and collaboration. We are excited about the future we are shaping with you, and we remain steadfast in our dedication to serving you and your clients with excellence.

Industrial Rehab

Help Your Orthopedic Clients Grow with Industrial Rehabilitation

What if your orthopedic practice clients could increase average per-visit revenue for each of their workers’ compensation patients by more than 300 percent*? And have their physicians earning $100K* more per year?

Watch our recent on-demand webinar or read our blog to learn more about Industrial Rehabilitation (IR)—a program that any orthopedic practice leader should consider when trying to optimize and grow their business.

Interested in learning more about IR? Or coordinating a feasibility study for one of your clients? Reach out to Curi Advisory’s Jeff Hollis (jeff.hollis@curi.com), who has experience establishing a number of IR programs in his career.

*Data based on case studies presented in webinar.

CONNECTIONS

Deepening Relationships with Dedicated Team Members

Tim McMahon

Director, Broker Services

Midwest Region

Meet Tim

Before joining Curi, Tim served in the commercial lines insurance group of The Harry A. Koch Co. (now FNIC) in 2017 as a Sales Executive with the Healthcare Team and was most recently the Healthcare Team Director. With more than 20 years in medical professional liability insurance, he offers helpful insights for tackling tough challenges faced by large healthcare groups and hospitals. Tim, who resides in Omaha, is excited about the opportunity to collaborate with you and provide the care you and your clients deserve.

REVIEW FAQS

LEARN MORE

Sean Farrelly

VP, Underwriting

Core, Physicians & Alternative Risk

Meet Sean

Sean Farrelly leads and executes underwriting strategy for the core physician business. He joined Curi in 2019. Prior to Curi, Sean served as the portfolio manager for US Medical Professional Liability reinsurance at PartnerRe, a global reinsurer. There, he also handled a diverse portfolio of casualty reinsurance business as a member of the broader US Casualty team. Prior to his time at PartnerRe, Sean held underwriting leadership roles at Odyssey Re, another leading global reinsurer. Sean graduated from Villanova University with a BS in Business Administration.

Keeping Our Connections

We want to ensure we are sharing relevant Curi and industry updates with contacts in your agency. Please take a moment to download the agency contact template, update the contact information for your team, and send the completed template to: agentsupport@curi.com.

REMINDERS

Cyber Security

Curi is dedicated to delivering a comprehensive portfolio of insurance coverages and services tailored to your clients' needs. As the cyber landscape has evolved, we recognize that specialized coverage is best managed by a dedicated cyber provider. To ensure your clients receive the expertise and support required to navigate today’s complex risks, Curi will discontinue offering our embedded cyber insurance coverage in new or renewed policies issued on or after July 1, 2025.

The removal of Curi's embedded cyber coverage will not impact the client’s higher limits policy until it is up for renewal. At that time, they will have the option to renew their higher limits policy directly with Tokio Marine HCC or explore other cyber coverage options with Coalition or another cyber insurer of their choice. Both Tokio Marine HCC and Coalition will provide options to adjust the deductible for their increased limits policy, as well as revised pricing, since the embedded coverage will no longer serve as the deductible.

SEE ADDITIONAL DETAILS

FROM THE BLOG

Some Light Reading on a Hot Topic for Your Clients

Protecting Your Assets in a Litigious World

The need to protect your assets in a litigious society is essential but often overlooked. If you’re a physician or a professional in a high-liability field, this is a topic you can’t afford to ignore. And frankly, even if you’re not in a high-stakes profession, building wealth can put you at risk. Frances Cronlund, SVP, Senior Wealth Advisor for Curi RMB Capital, explains why.