HPIC is a Risk Retention Group formed in July of 2003 dedicated to serving the liability insurance needs of Mississippi hospitals and other healthcare providers. It is sponsored by the Mississippi Hospital Association and was created with three over arching objectives: long term financial stability, member ownership and governance, commitment to quality service.

Financial Stability:
• Over $40.0 million in assets
• Over $12.0 million in written premium
• Over $16.0 million in surplus and an RBC ratio of over 600%
• Profitable in first full year of operation
• Conservative reinsurance approach - Lloyds "A" rated
• Disciplined underwriting

Ownership and Governance:
• Owned by subscribers
• Over 75 % of board members are subscribers
• Board expertise in insurance
• Profits held in subscriber accounts
• Oversight at multiple levels

Services:
• Commitment to quality management, patient safety and process improvements
• Tailored risk management designed to meet individual subscriber needs
• Proactive claim handling and aggressive defense
• Member participation in claim processes (including settlement)
• Tailored risk financing capabilities
• Efficient, cost effective structure

Members:
• 30 hospital subscribers
• 300 physicians

Other Services:
•TPA Solutions - services provided for 10 hospitals and health systems and
2 workers' compensation groups
•Claims services for 9 hospitals and health systems
• Risk management services for 5 hospitals and health systems