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

April 26, 2011 12:50 ET

Woodworth Offers Claims-Free Discounts up to 30 Percent

NEW YORK, NY--(Marketwire - Apr 26, 2011) - J. M. Woodworth Risk Retention Group, Inc., a writer of medical malpractice insurance in New York State, announced today that it is offering discounts up to 30 percent to physicians and surgeons who have not had a claim in the last five years.

"This is part of Woodworth's program to reward Best Practices physicians and surgeons who are committed to loss control and patient safety," said Sanford "Sandy" Elsass, President of Woodworth's Underwriting Manager. "Woodworth's claims-free discounts are four times the discount announced last week by the State's largest writer of medical malpractice insurance, Medical Liability Mutual Insurance Company (MLMIC)," Elsass pointed out.

"Since Woodworth opened for business in 2006, we've been dedicated to improving patient care and safety by offering incentives to physicians and surgeons who participate actively in healthcare reform initiatives," Elsass said. The Company also provides insured practitioners an extensive risk management program geared to patient care.

"We commend the State of New York for leadership in seeking to reform the healthcare system, and we will support these initiatives by rewarding physicians who take part in our Best Practices program," Elsass commented.

J. M. Woodworth is one of the fastest growing medical malpractice insurance companies in New York. Fifty-two hospitals, including some of the largest hospital systems in the State, accept coverage from J. M. Woodworth for physicians and surgeons admitted to practice in their facilities. Woodworth has a Financial Stability Rating of "A Exceptional" from Demotech, a widely recognized rating agency.

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