J. M. Woodworth RRG, Inc. is an insurance company owned by New York physicians and surgeons. The Company offers stable, comprehensive malpractice insurance at rates substantially lower than the current carriers.
We are one of only two "A" rated Medical Malpractice providers in the state of New York.
Click here to see additional information regarding the rating received by Demotech, Inc. Woodworth recently extended operations to Massachusetts, Connecticut, and New Jersey. Medical Malpractice insurance policies by J. M. Woodworth are written on either a Paid Claims form or a Claims Made and Reported form.
Lower rates and financial stability are achieved through selective underwriting, professional risk management, strong defense against unfair claims, Best-rated reinsurance, and conservative balance sheet management.
Woodworth was formed in 2006 as a Risk Retention Group under the Federal Liability Risk Retention Act, which enables business and professional organizations to obtain liability insurance that had become unavailable or unaffordable due to the lawsuit crisis.
As of September, 2007, 715 RRGs were operating in the U.S. Professional liability and malpractice insurance for healthcare facilities, and physicians and surgeons represent more than 50 percent of RRG industry premiums.
RRGs have played an important role in reducing and stabilizing malpractice insurance rates in a number of states and can have the same effect in New York.
J. M. Woodworth RRG, Inc. has a Financial Stability Rating of "A Exceptional" by Demotech, Inc., a leading rating agency. Click
here for details.
