Sees significant growth opportunity due to expansion of chiropractic field

Philadelphia Insurance Companies (PHLY) said that it will begin offering Chiropractor’s Malpractice Insurance in several states.

The company said that the Chiropractors may obtain policies in Alabama, California, Colorado, Idaho, Montana, South Dakota and Utah. Filing approval is anticipated for Mississippi, Ohio and Texas within the next 60 days with additional states to follow in 2010.

Howard Goldstein, assistant vice president of management and professional liability products, said: Philadelphia Insurance Companies has provided healthcare professional liability within its core non- profit commercial package offerings. Expanding into the practitioner market was a natural transition and represents a significant growth opportunity due to the expansion of the chiropractic field.

“We will bring the same excellence to underwriting, claims handling and service that has characterized our operations in all of our customer niches. Our ability to offer one-stop shopping for Business Owners Coverage (BOP), Crime, EPLI and other important coverages will also provide a strong advantage.”

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries.