As part of our commitment to offering our clients a worry-free employment opportunity, Med Travelers arranges for a superior
level of professional medical malpractice insurance for all our healthcare professionals. Med Travelers uses Everest
National Insurance Company under a claims-made form and participates in the Patient Compensation Funds in Indiana,
Louisiana, Pennsylvania and Wisconsin.
Everest National Insurance Company is rated "A+" by A.M. Best and "AA-" by Standard & Poor's. In addition,
Everest National Insurance Company is an admitted carrier. We invest considerable time and resources to
ensure healthcare providers matched by Med Travelers have the most optimal, professional liability coverage available.
About Liability Claims
- Statistically, only 20 percent of medical professional liability claims are filed during the year immediately following an alleged incident.
- Forty-five percent of claims resulting from performed work are not filed until three years after the alleged incident and sometimes longer.
- Claims made policies are designed to allow modifications to per claim limits, so that such limits can be adjusted upward over time, if necessary.
About Everest National Insurance
Everest National Insurance Company is a subsidiary of Everest Reinsurance, a world-leading professional reinsurance company that underwrites virtually all classes and categories of business in treaty, facultative and specialty lines, both through brokers and directly with ceding companies. Everest Reinsurance has roots back to 1973, when the company was formally established as Prudential Reinsurance Company, at that time a subsidiary of the Prudential Insurance Company of America. Everest National represents the primary insurance side of Everest Reinsurance, a world-leading professional reinsurance organization.
Everest National's ultimate publicly owned parent is Everest Re Group, Ltd., a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength.
Everest National Insurance Company focuses on primary program insurance opportunities written through Program Administrators, also known as underwriting managers. Everest National Insurance, along with its affiliate companies, services Program Administrators with the products they need to write admitted and surplus lines programs in the United States. Everest's top-notch personnel include experienced insurance professionals in the underwriting, claims, actuarial, operations, systems, accounting, loss control and premium audit disciplines.