Minnesota Lawyers Mutual Announces Formation of MLM Risk Retention Group, Inc.
A New Professional Liability Insurance Alternative by Minnesota Lawyers Mutual
Leading provider of lawyers’ professional liability insurance, Minnesota Lawyers Mutual Insurance Company, is pleased to announce the formation of a new risk retention group. MLM Risk Retention Group, Inc. (MLM RRG) is organized and serviced by Minnesota Lawyers Mutual to provide coverage of liability exposures of the risk retention group’s members. As a mutual insurance company, it is owned by its policyholders.
For more than three decades, Minnesota Lawyers Mutual has been a trusted provider of lawyers’ professional liability insurance for legal professionals. Domiciled in the District of Columbia, MLM Risk Retention Group, Inc. provides legal professionals with an alternative way to insure themselves against professional liability exposures.
Minnesota Lawyers Mutual’s President and Chief Executive Officer, Paul Ablan, expressed confidence in the formation of a risk retention group. “There are a growing number of legal professionals purchasing insurance products that are not designed for them, including so-called miscellaneous professional liability coverage. MLMRRG will identify these specialty groups and customize insurance products to fit their needs. The policy forms will not include unnecessary coverages, and will in fact broaden coverage where needed. A targeted product combined with a targeted marketing approach will serve these preferred risks much better than the current professional liability insurance marketplace. MLMRRG was created to offer a simple option for professional liability insurance. It is our goal to positively impact and protect the reputations of legal providers, allowing them to focus on delivering high quality services to their clients.”