ABOUT PRMS
SINCE 1986...
...Professional Risk Management Services (PRMS®) has specialized in medical professional liability insurance for individual healthcare providers and group practices. As a national company, PRMS is committed to serving the needs of behavioral healthcare professionals through our comprehensive program that includes customized insurance products, preeminent risk management services and unparalleled claims and litigation expertise.
PRMS CELEBRATES
30 YEARS OF SERVICE
In 1986, a gallon of gas was 89 cents, the average cost of a new house was $89,430, and the country was in the midst of an insurance crisis making malpractice insurance difficult to find. Facing a lack of coverage for its members, in 1984 the American Psychiatric Association established its own insurance program and in 1986, founded Professional Risk Management Services (PRMS) to manage that program. Although since that time, there have been changes in ownership, PRMS has never changed its focus from being of service to psychiatrists.
We have managed over 200,000 psychiatric polices through the years and it has been a privilege to have been of service to psychiatrists. Our focus on expertise, collaboration, and personalized service has made us a true partner to the profession. We also take pride in being a company that cares about community – locally and nationally – and have participated in many initiatives focused on mental health awareness.
We look forward to 30 more years!
PRMS is a member of the Alleghany Corporation (NYSE: ‘Y’) family of companies. Alleghany Corporation is a Fortune 500 U.S. - domiciled company. The Alleghany companies include both The Psychiatrists’ Program’s insurance carrier, Fair American Insurance and Reinsurance Company (FAIRCO), New York, NY (NAIC 35157) and the Program’s principal reinsurer, Transatlantic Reinsurance Company (TransRe). The previous service team from PRMS that managed the PRMS brand, program and website, now manage the PRMS brand, program and website on behalf of FAIRCO as of October 1, 2019.
Guest Blog: Update on First PRMS Fellowship in Child Psychiatry with GAP
As a part of PRMS’ ongoing commitment to behavioral health, we invited Eunice Yuen, MD, PhD Child Psychiatry Fellow at the Yale Child Study Center in New Haven, CT, to be featured as our guest blogger this month and reflect on her experience and
World Patient Safety Day
World Patient Safety Day, established by the World Health Organization (WHO) in an effort to recognize patient safety as a global health priority, takes place annually on September 17, and PRMS Director of Risk Management, Donna Vanderpool, MBA, JD,
“Refer a Colleague” Triple Donations this October and Top Referrer Contest
As a token of our appreciation to the psychiatrists and organizations who refer and recommend PRMS to their colleagues, and in an effort to recognize Mental Illness Awareness Week (October 4-10) and the work psychiatrists continue to provide in
FEATURED NEWS
Guest Blog: Update on First PRMS Fellowship in Child Psychiatry with GAP
As a part of PRMS’ ongoing commitment to behavioral health, we invited Eunice Yuen, MD, PhD Child Psychiatry Fellow at the Yale Child Study Center in New Haven, CT, to be featured as our guest blogger this month and reflect on her experience and
“Refer a Colleague” Triple Donations this October and Top Referrer Contest
As a token of our appreciation to the psychiatrists and organizations who refer and recommend PRMS to their colleagues, and in an effort to recognize Mental Illness Awareness Week (October 4-10) and the work psychiatrists continue to provide in
