Preferred Professional Insurance Company
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In
1987, a group of Catholic healthcare systems united to provide their associated
physicians with access to quality medical malpractice insurance. The organization
they created, Preferred Physicians Insurance Company (PPIC), had two goals: to be
a permanent and financially stable source of professional liability insurance for
physicians and a constant resource for education, risk management, and consultative
services.
As PPIC entered its second decade, the company strengthened its link between coverage
and caring by merging with Consolidated Catholic Casualty Risk Retention Group (CCCRRG).
Their combined resources enabled PPIC to expand its operations to better serve Catholic
healthcare systems and their associated healthcare providers. To reflect this change
and the scope of its available products and services, PPIC changed its name to Preferred
Professional Insurance Company.
In 2000, PPIC welcomed the Catholic Mutual Relief Society of America (Catholic Mutual
Group) as a shareholder and partner for expanded casualty insurance products for
Catholic-sponsored entities. Since 2001, PPIC has added seven Catholic healthcare
owner systems: Bon Secours Health System, Inc.; Daughters of Charity Health System;
Sisters of Charity of Leavenworth Health System; Wheaton Franciscan Services, Inc.;
Carmelite System for the Aged and Infirm, Inc; Provena Health; and Providence Health
& Services.
PPIC is THE Catholic Risk Management Solution and Insurance Resource.
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