ABOUT PRMS
SINCE 1986...
...Professional Risk Management Services, Inc. (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 with approximately $23.4 billion in assets. Through our parent company, CapSpecialty, Inc., we are an indirect, wholly-owned subsidiary of Alleghany Corporation.
The Alleghany companies also include both The Psychiatrists’ Program’s insurance carrier, Fair American Insurance and Reinsurance Company (FAIRCO), and the Program’s principal reinsurer, Transatlantic Reinsurance Company (TransRe).
Awards and Fellowships Worth Considering
Are you interested in finding available fellowships and awards for yourself or a colleague? We are pleased to share the following information regarding three organizations that are offering awards and fellowships.
Association of Women
The Life of PRMS: Jenna Quinn, CMP, Senior Manager, Events and Promotions
Prior to joining the PRMS team, I didn’t know anything about the insurance industry. I worked for a nonprofit organization planning an annual food and wine fundraising event. When I learned about the position with PRMS, I decided to explore the
Happy Holidays From PRMS
On behalf of everyone at PRMS, we wish you a wonderful holiday season and a new year full of good health and much happiness.
We appreciate the opportunity to be of service to you. In recognition of the commitment and care you provide your
FEATURED NEWS
PRMS Endows Child Psychiatry Fellowship for GAP
Limited access to mental health care has far-reaching implications for children and adolescents with psychiatric illnesses or family dysfunction. Left untreated, mental illness in young people can lead to problems at school, at home and with peers,
PRMS Celebrates 30 Year Anniversary
Professional Risk Management Services, Inc. (PRMS) celebrated its 30th year in November 2016 and plans to recognize the milestone throughout the upcoming year with special client initiatives, a series of 30 service projects and more.
“We are
The PRMS Enhanced Policy Protects You From Emerging Risks
Does your medical professional liability insurance policy provide coverage for all risks associated with your practice?
The practice of psychiatry is constantly evolving, causing an increase in liability risks. Recent state mandates for
