Lewis & Clark LTC RRG, a provider of liability insurance to long-term care facilities, has merged with Sophia Palmer Nurses RRG, which will permit nurses to keep their insurance when they move from state to state.
As an RRG, policyholders are shareholders and they own the company. Under the merger, nurses holding stock in Sophia Palmer will receive equivalent shares of Lewis & Clark.
In addition, through the merger, the coverage will be open to additional professional classes of allied healthcare providers and facilities. Existing policies will be converted to Lewis & Clark at renewal so medical practitioners covered by existing policies will not need to take any action.
Sophia Palmer was established in 2006 to provide nurses in Florida with professional liability coverage. As a result of the merger, the availability of coverage will be extended to nurses in 48 states served by Lewis & Clark.
Sanford Elsass, president of Uni-Ter Group, said: Sophia Palmer’s successful experience in serving nurses, nurse practitioners, physicians’ assistants, and allied healthcare professionals in Florida led us to extend coverage across the country through the merger with Lewis & Clark.
The Uni-Ter Companies will continue to underwrite, administer, risk manage, and handle Sophia Palmer claims, so rest assured you will still receive exceptional service and commitment.”