PRI Marks 30th Year

Physicians’ Reciprocal Insurers (PRI) marked its 30th Anniversary on Thursday, September 27, 2012, during a gala event held at the de Seversky Mansion on Long Island’s north shore. More than 100 guests were in attendance to celebrate the benchmark anniversary of the physician centered insurer, founded by medical doctors for the insuring of their colleagues and their own practices using a unique reciprocal format. Mr. Anthony J. Bonomo, Esq., CEO of Administrators for the Professions, Inc. (AFP) and Board Member of PRI, welcomed distinguished guests who included representatives of government, and the medical professions in the greater New York area. Mr. Bonomo noted that the company has stayed true to its goal of representing physicians even in the most difficult of professional liability marketplaces, with the utmost integrity and care for their protection and defense. “Physicians today are subject to unreasonable lawsuits and subject to great demands upon their professional skills. They deserve what our physician-centered company provides, that is, a bedrock resource to which they can turn for the protection of their practice and their professional conduct. We are proud to represent more than twelve thousand physicians and their medical practices and many hospitals and medical facilities in the Greater New York area,” he stated. Physicians’ Reciprocal Insurers founded in 1982 is unique in the world of insuring inasmuch as it is a reciprocal format, that is, a format that serves its customers first and has a Board of Directors consisting of medical doctors who operate the reciprocal for mutual benefit. The Company is based in its new national headquarters in Roslyn, Long Island at 1800 Northern Boulevard. It employs 350 and has underwriting professionals and facilities all over New York State.