Update on Professional Liability Insurance Program

Professional Risk Management Services (PRMS), the administrator of the Psychiatrists’ Program, the APA-endorsed Professional Liability Insurance Program, announced at press time that it plans to arrange for replacement insurance coverage to be offered to APA members from two member companies of the American International Group Inc. (AIG): Lexington Insurance Company and National Union Fire Insurance Company of Pittsburgh, Pa. Both have an A.M. Best rating of A++ (Superior). PRMS expects that premium proposals will be sent out to insureds near the time that their current Legion policy expires.