Healthcare Providers Insurance Company
HPIC was formed in July of 2003 and is dedicated to serving the liability insurance needs of hospitals and other health care providers. It is sponsored by the Mississippi Hospital Association and was created with three overarching objectives: long term financial stability, member ownership and governance, and commitment to quality service.
HPIC is owned and governed by hospital members with over $73 million in assets, over $43 million in surplus, and has an RBC ratio of over 1600+%. Our conservative reinsurance approach and disciplined underwriting are highly regarded in London and Bermuda markets and has left us financially able to weather insurance cycles. As a result, over $23 million has been returned to our members.
Profits are held in subscriber accounts for return over time as approved by our board, which is comprised of member hospital CEOs and/or Administrators. Currently, we provide insurance services to over 50 hospitals and 500 physicians and continue to grow.
As of January 1, 2016, Healthcare Providers Insurance Company assumed the workers’ compensation renewal policies of Healthcare Employers Resources Exchange. HPIC is pleased to continue the same great service and coverage to hospitals, physician clinics, and other healthcare entities.