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Company Details
MMIC INSURANCE INC License Status :
Active
NAIC Number :
16942
Phone Number:
9528386700
Company Address:
7650 Edinborough Way, Suite 525
Minneapolis, MN 55435
Description:
Property and Casualty
License Number:
B424584
Date Admitted:
2003-01-17
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.03% | $4,673,065 | $4,478,287 | $1,969,268 | $1,969,268 | 43.97 % |
| 2023 | Total Medical Malpractice | 3.07% | $4,673,065 | $4,478,287 | $1,969,268 | $1,969,268 | 43.97 % |
| 2023 | Medical Malpractice - Physicians & Surgeons | 5.83% | $4,673,065 | $4,478,287 | $1,969,268 | $1,969,268 | 43.97 % |
| 2022 | Total Property & Casualty | 0.03% | $3,852,730 | $4,712,842 | $2,909,219 | $2,593,197 | 55.02 % |
| 2022 | Total Medical Malpractice | 2.78% | $3,815,815 | $4,593,575 | $2,909,219 | $2,710,500 | 59.01 % |
| 2022 | Medical Malpractice - Physicians & Surgeons | 4.94% | $3,630,433 | $3,695,251 | $1,962,070 | $1,523,470 | 41.23 % |
| 2022 | Medical Malpractice - Hospitals | 0.43% | $185,382 | $898,324 | $947,149 | $1,187,030 | N/A |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.00% | $36,915 | $119,267 | $0 | $-117,303 | -98.35 % |
| 2021 | Total Property & Casualty | 0.04% | $5,722,854 | $5,057,195 | $731,250 | $5,555,025 | N/A |
| 2021 | Total Medical Malpractice | 4.14% | $5,451,718 | $4,828,463 | $731,250 | $5,466,951 | N/A |
| 2021 | Medical Malpractice - Physicians & Surgeons | 4.68% | $3,493,794 | $3,201,318 | $725,000 | $4,464,168 | N/A |
| 2021 | Medical Malpractice - Hospitals | 4.64% | $1,957,924 | $1,627,145 | $6,250 | $1,002,783 | 61.63 % |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.03% | $271,136 | $228,732 | $0 | $88,074 | 38.51 % |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
This company does not have any complaint information.
Link to Complaint Index PageCompany Changes
Effective Date: 04/19/2010
Comments: Midwest Medical Insurance Co. changed its name to MMIC Insurance Inc.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.