Mission-vision-defining statement

Company Overview

PPIC® is rated A- (Excellent) by A.M. Best. This rating is assigned to companies that have, in the opinion of A.M. Best, an excellent ability to meet their ongoing obligations to policyholders.

In 1987, a group of Catholic healthcare systems united to provide their associated
physicians with access to quality medical malpractice insurance. The organization
they created, Preferred Physicians Insurance Company (PPIC), had two goals: to be a
permanent and financially stable source of professional liability insurance for physicians
and a constant resource for education, risk management, and consultative services.

As PPIC entered its second decade, the company strengthened its link between coverage
and caring by amalgamating with Consolidated Catholic Casualty Risk Retention Group
(CCCRRG). Their combined resources enabled PPIC to expand its operations to better
serve Catholic healthcare systems and their associated healthcare providers. To reflect this change and the scope of its available products and services, PPIC changed its name to Preferred Professional Insurance Company.

In 2000, PPIC welcomed the Catholic Mutual Relief Society of America (Catholic Mutual Group) as a shareholder and partner for expanded casualty insurance products for Catholic-sponsored entities. Since 2001, PPIC has added seven Catholic healthcare owner systems: Bon Secours Health System, Inc.; Daughters of Charity Health System; Sisters of Charity of Leavenworth Health System; Wheaton Franciscan Services, Inc.; Carmelite System for the Aged and Infirm, Inc; Provena Health; and Providence Health & Services.

On August 1, 2014, PPIC became a subsidiary of Medical Professional Mutual Insurance Company (ProMutual), a Coverys® company. Combined with PPIC, Coverys is the sixth largest medical professional liability provider in the country based on direct written premium.


PCI, a PPIC wholly owned independent insurance agency, was formed as the source
for risk management solutions. Through PCI, physicians, surgeons, and facilities
associated with one of PPIC's owner systems have direct access to competitively
priced liability insurance and other coverages.

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