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MMI Introduces Comprehensive Program to Address Healthcare's Growing D&O, EPL Exposures

DEERFIELD, Ill., Aug. 24 /PRNewswire/ -- MMI Companies, Inc. (NYSE: MMI) today announced the launch of MMI Executive Advantage(SM), an innovative program for healthcare providers that integrates successful risk management programs with insurance products to address mounting exposures related to issues like employment practices, billing and coding errors and corporate compliance.

"MMI Executive Advantage responds to market dynamics that are creating heightened risks for healthcare providers -- specifically, the risks associated with doing business," said Barbara Herrington, president of MMI subsidiary American Continental Insurance Company. "MMI has been helping clients manage the spectrum of risks across healthcare settings for more than 20 years. By combining the expertise of our seasoned consultants and proven services with our insurance products in this area, we create customized solutions for clients."

MMI Executive Advantage offers enhanced insurance policies for directors' and officers' liability (D&O) and employment practices liability (EPL), complemented by the full spectrum of MMI risk management consulting services. MMI specialists help providers minimize exposure in critical areas such as corporate compliance, board development, operational efficiency and re-engineering, employment and human resource issues and billing and coding.

"Jury verdict data and national provider surveys demonstrate the escalating number of claims against directors, officers and healthcare organizations, particularly claims related to employment practices," said MMI Manager, Business Risk Litigation Helen Savaiano, Esq., who has more than a decade of experience in healthcare litigation. "The cost to providers to defend and resolve these disputes is skyrocketing. The need for providers to take steps to protect and manage business-related liability has never been greater, and MMI is prepared to help them."

Noting that MMI brings the same intensive focus and expertise to helping clients tackle business-related risks that the Company already successfully applies to clinical risk, Ms. Herrington added, "We know what it takes to modify behaviors that expose our clients to the risk of litigation. Applying that knowledge, we have designed MMI Executive Advantage to keep healthcare providers competitive. With the confidence that they are managing business liability risk, they can work to achieve operational efficiency while simultaneously providing high-quality, cost-effective care."

MMI Companies, Inc. is an international healthcare risk management company with more than 20 years of experience providing a wide range of products and services that help the healthcare industry enhance its performance and manage risks associated with the delivery of care. Through its operating subsidiaries, MMI provides strategic consulting services, clinical risk management and operational consulting services, and insurance and reinsurance products to the healthcare industry. In addition to its Deerfield headquarters, MMI has a network of offices throughout the United States and overseas. For more information about MMI Executive Advantage, call toll-free at 877-201-3990.

SOURCE MMI Companies
 -0- 08/24/98

/CONTACT: Paula Wheeler of MMI, 847-374-2498/

/Web site:


CO: MMI Companies, Inc. ST: Illinois IN: HEA SU: PDT

ML-MR -- CGM012 -- 0833 08/24/98 17:00 EDT
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Publication:PR Newswire
Date:Aug 24, 1998
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