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 309,000 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: The Psychiatry Outreach Program (POP)
*This piece is a re-print from the Spring Edition of the Journal of the Mississippi Psychiatric Association.
As part of PRMS’ ongoing commitment to behavioral health, we are pleased to feature Doctors Chasity Torrence, FAPA, and Dustyn Baker,
PRMS is Tripling Refer a Colleague Donations This May!
In honor of Mental Health Awareness Month this May, PRMS is tripling every donation we make through our “Refer a Colleague” program, from $50 to $150 per referral received! From May 1 through May 31, 2021, PRMS will donate to the state psychiatric
Why PRMS?
Have you ever wondered what sets Professional Risk Management Services (PRMS) apart from other medical malpractice insurance providers and why psychiatrists select PRMS? PRMS Account Manager, Rich Stagnato, RPLU, shares some highlights about PRMS,
FEATURED NEWS
PRMS is Tripling Refer a Colleague Donations This May!
In honor of Mental Health Awareness Month this May, PRMS is tripling every donation we make through our “Refer a Colleague” program, from $50 to $150 per referral received! From May 1 through May 31, 2021, PRMS will donate to the state psychiatric
Happy Doctors’ Day from Everyone at PRMS!
In recognition of National Doctor's Day, the team at PRMS would like to thank all healthcare providers and acknowledge the important work of psychiatrists and their dedication to the mental health and well-being of their patients. It is an honor to
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)
