SOURCE: J. M. Woodworth Risk Retention Group, Inc.

May 15, 2007 14:22 ET

Kronenberg Joins Board of J. M. Woodworth Risk Retention Group -- Doctor Owned Medical Malpractice Insurer

SYRACUSE, NY -- (MARKET WIRE) -- May 15, 2007 -- Seth Evan Kronenberg, MD, a prominent internist, has been elected to the Board of J. M. Woodworth Risk Retention Group, Inc., the recently launched writer of medical malpractice insurance for physicians and surgeons in New York State.

Dr. Kronenberg is Chief Executive Officer-Private Practice, Internist Associates of Central New York, PC. He is a member of the American Board of Internal Medicine and serves as Attending Physician at Crouse Hospital in Syracuse.

"We're pleased to have Seth on our Board. His knowledge of medicine and hospital practice, along with his extensive experience in one of our primary market areas, will contribute greatly to the Company's success," said Sanford Elsass, President of J. M. Woodworth.

Dr. Kronenberg said, "Woodworth is the first viable alternative for malpractice insurance for physicians in New York State in decades. They offer superior risk management programs, which are applicable to everyday practice and tailored directly to our Group. I feel that in addition to significant cost savings, the patients and physicians will benefit from the improved practice of medicine through the risk reduction programs offered by Woodworth."

J. M. Woodworth was formed by a group of doctors to relieve the medical malpractice insurance crisis in New York that was brought on by escalating rates and the withdrawal from the market by a number of carriers. The Company began writing med mal policies early this year and is growing rapidly in Central New York, the Syracuse area, and the greater New York metropolitan region. "Selective underwriting and professional risk management will control losses as we extend operations across the State," Elsass stated.

Dr. Kronenberg received his B.A. in Biology from the University of Pennsylvania and his M.D. from SUNY Health and Science Center, where he also completed his Residency in Internal Medicine.

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