LAMMICO
LAMMICO is a physician-owned mutual insurance company, founded in 1981 and headquartered in Metairie, Louisiana, providing medical professional liability and cyber liability coverage to physicians, advanced practice providers, hospitals, long-term care facilities, and dentists across seven Gulf South states.
- Company typePrivate
- Founded1981
- HeadquartersMetairie, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What LAMMICO does
LAMMICO is a physician-owned mutual insurance company founded in 1981 and headquartered in Metairie, Louisiana, specializing in medical professional liability (MPL) insurance for healthcare providers across the Gulf South. The company holds an AM Best A (Excellent) financial strength rating, has maintained continuous A or A- ratings since 1993, and serves as Louisiana's oldest and largest MPL carrier. LAMMICO distributes through dedicated regional marketing representatives covering Louisiana, Arkansas, Mississippi, Texas, Oklahoma, Missouri, and Tennessee, supplemented by an inside sales desk, online eApp portal, and independent agent/broker channels.
The core product is Medical Professional Liability coverage available on Claims-Made or Occurrence bases with limits up to $10M, offered to individual physicians, advanced practice providers, dentists, hospitals and facilities, and long-term care facilities. This is bundled with MEDEFENSE Plus/Cyber Liability coverage (regulatory defense for HIPAA, EMTALA, Stark plus cyber), optional General Liability for facilities, and adjacent products via Elatas Risk Partners (commercial lines, higher-limit cyber) and LAMMICO Risk Retention Group (coverage in non-licensed states). Technology surface includes the Medical Interactive Community online learning platform (CME/CNE accredited with ACCME Commendation and ANCC), MiCapture RM tracking software, and the TMHCC CyberNET cyber risk portal delivered in partnership with Tokio Marine HCC. LAMMICO operates an in-house law firm, Schroeder & Trahan, that reportedly closes approximately 90% of cases without indemnity payment.
Revenue is generated primarily through recurring annual insurance premiums, augmented by premium financing fees via the IPFS partnership, ancillary cyber/commercial lines through Elatas, and risk-management subscription services. Mutual structure means surpluses may be returned to policyholders as dividends when fiscally prudent. The company offers a 50% New-to-Practice discount (12 months), 10% Risk Management Premium Discount (biennial), 10% Good Experience Credit (5+ year tenure), and complimentary tail coverage on death, disability, or retirement - pricing levers that drive retention and onboarding. Customer concentration is distributed across five primary segments, with hospital/LTC anchor relationships complemented by a long tail of individual physician insureds.
LAMMICO firmographics
Firmographics- Name
- LAMMICO
- Legal name
- LAMMICO
- Website
- https://lammico.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- LAMMICO is a physician-owned mutual insurance company, founded in 1981 and headquartered in Metairie, Louisiana, providing medical professional liability and cyber liability coverage to physicians, advanced practice providers, hospitals, long-term care facilities, and dentists across seven Gulf South states.
- Ownership category
- akta.pro rank
LAMMICO industry classification
Industry- Product category
- Medical Professional Liability Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126), Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Medical Malpractice Liability (FSAJADAK)
- akta.pro secondary industries
- Healthcare Professional Liability (Med Mal) (FSAJAGAE), Professional Liability (Errors & Omissions) (FSAJADAB), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where LAMMICO is headquartered
LocationHeadquarters
- HQ city
- Metairie
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
LAMMICO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Medical Professional Liability Insurance Premiums: LAMMICO generates revenue through medical professional liability insurance premiums from physicians, surgeons, advanced practice providers, hospitals, and facilities. Premiums are collected on Claims-Made or Occurrence policy bases with various coverage limits available up to $10M.
- Premium Financing Services: Revenue generated through partnership with IPFS (Imperial PFS) for premium financing services. IPFS offers payment plan options including 10-pay, 3-pay, or 1-pay plans with down payments.
- Higher Cyber Liability Limits: Additional revenue from selling higher limits of MEDEFENSE™ Plus/Cyber Liability coverage through subsidiary Elatas Risk Partners, with pricing based on number of physicians and selected coverage options.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Risk Management Premium Discount - 10% credit to basic limits portion |
| Subscription | Annual | New-to-Practice Discount - 50% credit for first 12 months |
| Subscription | Annual | Good Experience Credit - 10% for 5+ year policyholders |
| Subscription | Annual | MEDEFENSE Plus/Cyber Liability - $1M combined limit |
| Other | Multi-year contract | Premium Financing through IPFS |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
LAMMICO product offering
Product offeringCore offering
Regional medical professional liability insurance carrier providing malpractice coverage to physicians, surgeons, advanced practice providers, dentists, hospitals, and long-term care facilities across Louisiana, Arkansas, Mississippi, Texas, Oklahoma, Missouri, and Tennessee. As a policyholder-owned mutual company, LAMMICO bundles claims-made and occurrence liability policies with cyber liability (MEDEFENSE Plus) coverage, risk management education, and in-house legal defense through its subsidiary Schroeder & Trahan.
Product overview
LAMMICO is a regional medical professional liability insurance carrier offering a platform of interconnected insurance products and risk management services. The core product is Medical Professional Liability Insurance (available as Claims-Made or Occurrence policies) covering physicians, surgeons, dentists, advanced practice providers, hospitals, and long-term care facilities. This is integrated with the MEDEFENSE™ Plus/Cyber Liability Insurance product providing regulatory defense and cyber coverage, and General Liability Insurance for facilities. The Medical Interactive Community subsidiary provides the online education platform delivering CME/CNE courses and risk management training that directly supports the Risk Management Premium Discount Program. TMHCC CyberNET provides cybersecurity resources, while subsidiaries Elatas Risk Partners and LAMMICO RRG extend coverage options. Schroeder & Trahan provides in-house legal defense, and IPFS handles premium financing.
Differentiator
Problem solved
Functional benefit
Brands
- MEDEFENSE™ Plus/Cyber Liability: Cyber liability and regulatory defense coverage included in LAMMICO insurance policies, covering billing errors, HIPAA, EMTALA and Stark proceedings.
- Medical Interactive Community
- TMHCC CyberNET®
Products and services
- Medical Professional Liability Insurance Primary insurance coverage for physicians, surgeons, dentists, advanced practice providers, and healthcare facilities against claims of professional negligence. Available as Claims-Made or Occurrence policies with coverage limits up to $10 million.
- MEDEFENSE Plus/Cyber Liability Insurance
Quantifiable outcome
- LAMMICO closes approximately 90% of cases without indemnity payment due to aggressive legal defense with experienced local counsel
- +2 more outcomes
Companies that use LAMMICO
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
LAMMICO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature3 records
LAMMICO partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- American Society for Healthcare Risk Management (ASHRM)minorASHRM membership provided as part of LAMMICO's Patient Safety Award and Grant program winners, offering one-year Risk Manager membership to recipient hospitals.
- Tokio Marine HCC – Cyber & Professional Lines GroupcorePartnership for cyber risk expertise providing TMHCC CyberNET®, an advanced cyber risk management resource and education center. LAMMICO offers complimentary access to CyberNET® for insured healthcare facilities, providing updated cybersecurity information, education, and on-demand advice.
- IPFS (Imperial PFS)coreIPFS is LAMMICO's online payment solution for premium financing. IPFS offers flexibility to pay premiums in full or select payment plans (10-pay, 3-pay, or 1-pay). IPFS has over 40 years in insurance billing and is the largest premium finance company in North America.
- Elatas Risk PartnerscoreLAMMICO's subsidiary agency (formerly LAMMICO Insurance Agency) offering other lines of coverage including commercial general liability, medical director insurance, business owners policies, and higher cyber liability limits for providers not insured by LAMMICO.
- Medical Interactive CommunitycoreLAMMICO's subsidiary LLC providing online CME/CNE education, risk management courses, litigation preparation films, RM tracking software (MiCapture™), practice management tools, and telehealth resources. Accredited by ACCME and ANCC.
- Louisiana Patient's Compensation FundcoreLouisiana state fund that provides excess medical malpractice coverage for qualified healthcare providers. LAMMICO helps policyholders with PCF qualification and handles PCF surcharges for Louisiana insureds.
- Schroeder & TrahancoreLAMMICO's in-house law firm dedicated to defending policyholder medical malpractice claims in Louisiana since 1986. Provides aggressive legal defense with experienced trial attorneys.
- Mississippi Hospital AssociationcoreLAMMICO is the endorsed medical professional liability carrier of the Mississippi Hospital Association, providing preferred coverage for member hospitals.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
LAMMICO competitors and assessment
Company assessmentDirect peers
- Coverys: Coverys is a medical professional liability insurer providing MPL coverage, risk management, and analytics to physicians, hospitals, and healthcare systems, with a strong emphasis on data-driven insights. Comparable to LAMMICO as a direct MPL peer with integrated risk management services and in-house claims/defense capabilities.
- MAG Mutual Insurance Company: MAG Mutual is a physician-owned mutual MPL insurer serving physicians and hospitals across the Southeast, with a strong risk management education platform. Comparable to LAMMICO as a physician-owned mutual with similar mutual governance, regional focus, and integrated CME/education subsidiary model.
- MLMIC Insurance Company: MLMIC is a New York-based medical professional liability insurer now part of Berkshire Hathaway's Medical Protective, providing MPL coverage to physicians and healthcare facilities. Comparable to LAMMICO as a state-focused MPL carrier serving physicians, surgeons, and facilities, though concentrated in New York rather than the Gulf South.
- SVMIC (State Volunteer Mutual Insurance Company): SVMIC is a physician-owned mutual medical professional liability insurer providing MPL coverage and risk management services to physicians and healthcare facilities in the Southeast. Comparable to LAMMICO as a regional mutual MPL peer with similar physician-owned governance, education program, and aggressive defense approach.
- COPIC Financial Service Group: COPIC is a medical professional liability and medical liability insurance provider serving physicians, hospitals, and healthcare professionals, organized as a policyholder-owned mutual with a strong patient safety and risk management focus. Comparable to LAMMICO as a physician-owned mutual MPL carrier with strong risk management programs and regional concentration.
- NORCAL Mutual Insurance Company (acquired by ProAssurance): NORCAL was a physician-owned mutual MPL carrier serving physicians in multiple states before being acquired by ProAssurance. It is highly comparable to LAMMICO's mutual structure and physician-focused MPL offering, and represents the kind of consolidator that could approach LAMMICO.
Broad incumbents
- The Doctors Company: The Doctors Company is the largest physician-owned medical professional liability insurer in the U.S., offering MPL coverage, risk management, and claims defense to physicians, surgeons, and healthcare facilities nationwide. Directly comparable to LAMMICO as a physician-focused MPL carrier with mutual-style governance and aggressive defense model, but operating at national scale.
- ProAssurance Corporation: ProAssurance is a publicly traded specialty P&C insurer focused on medical professional liability and legal professional liability for healthcare providers and attorneys. Comparable to LAMMICO as a specialty MPL writer with hospital and facility exposure, but operates nationally and offers legal professional liability as well.
- Medical Protective (Berkshire Hathaway): Medical Protective is one of the oldest MPL insurers in the U.S., now owned by Berkshire Hathaway, providing medical malpractice coverage to physicians, dentists, and healthcare facilities. Comparable to LAMMICO's MPL product set and in-house defense focus, but with Berkshire Hathaway's capital backing and a national footprint.
Others
- Tokio Marine HCC - Cyber & Professional Lines Group: Tokio Marine HCC is a specialty insurance group and LAMMICO's named partner for the TMHCC CyberNET cyber risk management platform. Relevant as both an enabling partner and a potential competitor in cyber liability underwriting for healthcare providers.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
LAMMICO social profiles
Digital presenceLAMMICO compliance and trust
Trust signalCompliance3 records
LAMMICO financial estimates
Financial estimateRevenue estimate
Valuation estimate
LAMMICO leadership team
Management profileNumber of profiles
Profiles15 records
LAMMICO subsidiaries and ownership
Company hierarchySubsidiaries4 records
LAMMICO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LAMMICO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LAMMICO
What does LAMMICO do?
Regional medical professional liability insurance carrier providing malpractice coverage to physicians, surgeons, advanced practice providers, dentists, hospitals, and long-term care facilities across Louisiana, Arkansas, Mississippi, Texas, Oklahoma, Missouri, and Tennessee. As a policyholder-owned mutual company, LAMMICO bundles claims-made and occurrence liability policies with cyber liability (MEDEFENSE Plus) coverage, risk management education, and in-house legal defense through its subsidiary Schroeder & Trahan.
Is LAMMICO a public or private company?
LAMMICO is a private company. It is classified as management employee owned and is currently operating.
When was LAMMICO founded?
LAMMICO was founded in 1981. It employs 101 to 250 people.
Where is LAMMICO based?
LAMMICO is headquartered in Metairie, United States, in the North America region.
How does LAMMICO make money?
Three revenue lines are on record. Medical Professional Liability Insurance Premiums are the primary driver. The others are premium Financing Services and higher Cyber Liability Limits.
Who are LAMMICO's main competitors?
Direct peers on record are Coverys, MAG Mutual Insurance Company, MLMIC Insurance Company, SVMIC (State Volunteer Mutual Insurance Company), COPIC Financial Service Group and NORCAL Mutual Insurance Company (acquired by ProAssurance). Broad incumbents are The Doctors Company, ProAssurance Corporation and Medical Protective (Berkshire Hathaway). Tokio Marine HCC - Cyber & Professional Lines Group is listed as an others.
Does LAMMICO have an API?
No public API is recorded for LAMMICO.
What industry is LAMMICO in?
LAMMICO's product category is Medical Professional Liability Insurance. Its primary akta.pro industry code is FSAJADAK, Medical Malpractice Liability, with a secondary code of FSAJAGAE, Healthcare Professional Liability (Med Mal). Its NAICS code is 52412 and its SIC code is 6331.