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. 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.

Q&A: Common Claims Questions Answered by the PRMS Claims Team

An insurance policy with PRMS provides peace of mind, and should a client find themselves facing a claim, our professional claims managers are here to continue that service, providing counseling and support every step of the way, whether brief legal

PRMS Supports UN NGO Committee Promoting Mental Health Advocacy

There’s no complete picture of health without mental health. But while public health organizations address the threat of COVID-19 and other disease threats, a passionate group of volunteer psychiatrists in consultation with the United Nations (UN)

PRMS Risk Management’s 2021 New Year’s Resolutions

It’s almost the start of a new year, and we can likely all agree that we are glad to say ‘goodbye’ to 2020 – a year that has, among so much else, upended healthcare, economies, and mental health.  Not only has the pandemic changed the way you

FEATURED NEWS

PRMS Supports UN NGO Committee Promoting Mental Health Advocacy

There’s no complete picture of health without mental health. But while public health organizations address the threat of COVID-19 and other disease threats, a passionate group of volunteer psychiatrists in consultation with the United Nations (UN)

Happy Holidays from PRMS

This #GivingTuesday, in our efforts to continue supporting organizations helping our communities affected by COVID-19, PRMS is pleased to announce our annual holiday donations to Arlington Food Assistance Center, Kraftlove, and NAMI’s Frontline

Head of PRMS, Tonya Davies, Reflects on Her First Year with the Company

As a part of PRMS’ ongoing commitment to behavioral health, we invited Head of PRMS, Tonya Davies, CPCU, ARe to reflect on her experiences since joining the company in October 2019 – when PRMS formally re-joined Transatlantic Reinsurance Company

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