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 CELEBRATES 30 YEARS OF SERVICE

PRMS is a member of the Alleghany Corporation (NYSE: ‘Y’) family of companies. Alleghany Corporation is a Fortune 500 U.S. - domiciled company with approximately $23.4 billion in assets. 

The Alleghany companies also 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).

PTSD Awareness Month and "Refer a Colleague" Double Donations

In an effort to continue our support of organizations helping communities affected by the unprecedented results of the COVID-19 pandemic, and in recognition of Post-Traumatic Stress Disorder (PTSD) Awareness Month, PRMS is pleased to announce our

Guest Blog: Working Virtually – Lessons Learned (Part One)

As a part of PRMS’ ongoing commitment to behavioral health, we invited Pat Troy, IOM, CAE, President of Next Wave Group, LLC, to be our featured guest blogger this month and share her insights on the benefits of working from home.

In March of 2006,

Guest Blog: Working Virtually – Tips & Tools (Part Two)

As a part of PRMS’ ongoing commitment to behavioral health, we invited Pat Troy, IOM, CAE, President of Next Wave Group, LLC, to be our featured guest blogger this month and share helpful hints on how to successfully make the transition to working

FEATURED NEWS

PTSD Awareness Month and "Refer a Colleague" Double Donations

In an effort to continue our support of organizations helping communities affected by the unprecedented results of the COVID-19 pandemic, and in recognition of Post-Traumatic Stress Disorder (PTSD) Awareness Month, PRMS is pleased to announce our

Join PRMS in giving back this May

During this unprecedented health crisis, it’s more important than ever that we stay home as much as possible. But while we continue to remain physically distant, we commend psychiatrists for staying connected, rising to the challenge, and

Meet Our New Business Leader Tonya Davies

Tonya Davies CPCU, ARe, wasn’t even sure how to spell actuary, much less what it meant, when a guidance counselor suggested it as a career path for her after she aced a college calculus class. 

But it turns out she had found her sweet spot. Davies