[Update] More RRG Liquidation

RRG Liquidation

 

We’ve made it our mission to let you know what you’re getting yourself into when working with an RRG.

Joining Fairway and Oceanus, here’s an update of additional RRGs that have since faced liquidation.

Doctors & Surgeons National RRG (DSNRRG)

As of August 10th 2017, DSNRRG was placed in liquidation. The Vermont Department of Financial Regulation was the Liquidator, per the order of the Vermont Superior Court for Washington County.

February 12th 2018 was the filing deadline for Proof of Claim.

NOTE: Claims Filed After The Deadline Against DSNRRG May Be Barred.

Healthcare Providers Insurance Exchange (HPIX)

As of January 12 2018, the once 3,000 provider strong, HPIX, announced voluntary liquidation, supervised by the Pennsylvania Insurance Department.

By the end of 2015, most of HPIX’s business was sold to Medical Mutual Insurance Co. However, HPIX retained exposure to 89 claims.

Per the liquidation order, insurance regulators can take control of and distribute defunct insurer’s assets.

Replacement Coverage

If you have questions or comments regarding the liquidation of an RRG, not limited to DSNRRG and HPIX, give us a call directly at 1-800-317-6411 or email us at info@presidioinsurance.com.

In the event that you’re in need of replacement coverage fill in the form below and we’d be happy to help you get coverage in place.

Insurance Review

Form for insurance review
  • Drop files here or

 

 

Trackbacks

  1. […] the know, especially on topics that may impact your coverage. We have covered various updates for RRGs who have faced liquidation and other financial woes. Let’s discuss Lancet RRG, the Doctor […]