New medical-malpractice RRG cleared by Florida regulators.A new risk-retention group is set to begin selling medical-malpractice insurance in Florida, a state beset be·set tr.v. be·set, be·set·ting, be·sets 1. To attack from all sides. 2. To trouble persistently; harass. See Synonyms at attack. 3. by skyrocketing malpractice premiums. Pediatricians Insurance Risk Retention Group of America, a physician owned and operated captive with offices in Miami, said it would begin underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. immediately. The RRG RRG Risk Retention Group (insurance industry) RRG Red River Gorge (outdoor recreation area in Kentucky) RRG Rodrigues Island, Mauritius - Rodrigues (Airport Code) covers only pediatricians, and the company said in a statement that it has no plans to offer other lines of insurance or to cover hospitals or other health-care facilities in the future. PIRRGA also said it doesn't intend to expand outside of Florida. The company, legally domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in Vermont, said it has opened with more than $1 million in capital from its member doctors. Records from the Florida Office of Insurance Regulation show the company first filed paperwork with the state in October 2003. |
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