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Algona, IA – Pharmacists Mutual Insurance Company today announced the appointment of Matthew Mosher, former President and CEO of AM Best Rating Services, Inc., to its Board of Directors. Mosher brings decades of leadership experience and deep industry understanding that will be instrumental in guiding Pharmacists Mutual’s continued growth and strategic direction.
Algona, IA – Pharmacists Mutual Insurance Company, a nationally recognized leader in commercial property and casualty insurance products for pharmacies and specialty healthcare service providers, is pleased to announce its restructuring into a limited mutual holding company (LMHC). The newly formed mutual holding company will be known as Pharmacists Mutual Insurance Group. The conversion to an LMHC is expected to be effective January 1, 2026.
As you likely know, the Food & Drug Administration (“FDA”) has recently determined the shortage of semaglutide injection products has resolved. The drug manufacturers have advised the FDA that their product availability and manufacturing capacity can meet the present and projected national demand. Pursuant to this determination, the FDA has announced that state-licensed pharmacies compounding under section 503A must cease compounding, distributing, and/or dispensing semaglutide injection products that are essentially a copy of an FDA-approved product by April 22, 2025.
Pharmacists Mutual strives to provide peace of mind. If you need our help after the storm passes, rest assured we are here for you. Here is information on the storm and tips to help you prepare.
Pharmacists Mutual Insurance Company proudly announces the recipients of its 2025 Pharmacists Mutual Community Pharmacy Scholarship. This prestigious award recognizes outstanding pharmacy students who are interested in serving in independent or small-chain community pharmacies as well as those students planning to work in underserved geographic areas.
The Michigan Pharmacists Association (MPA) has officially named Pharmacists Mutual Insurance Group (PMIG) as its endorsed insurance carrier for members. This strategic partnership brings MPA members access to a wide range of insurance solutions tailored to the unique needs of pharmacy businesses and backed by PMIG’s 115 years of experience and commitment to pharmacy professionals.
PMC Advantage Insurance Services, Inc. (PMCA), a wholly-owned subsidiary of Pharmacists Mutual Insurance Company, has closed an asset purchase transaction with Lansing, Michigan-based PSI Insurance Agency (PSIA), resulting in the sale of all renewal rights to PMCA by PSIA. The transaction is expected to result in over two million dollars in new business opportunities for PMCA over the next twelve months and afford other transformative growth opportunities for the Pharmacist Mutual group of companies. As part of the transaction, all PSIA employees will also be joining PMCA effective January 1, 2025.
While you’ve probably already considered how to make your pharmacy or retail location less attractive to burglars — by strengthening your windows, optimizing your alarms and cameras, and adding more external lighting, for example — you may be overlooking a key vulnerability in your physical security system: your building’s back door.
The Highway Loss Data Institute reports collisions with animals are more than twice as frequent as the yearly average during November when big bucks are searching for a mate.1 Often, they wander onto streets and highways in search of food, water, and shelter, either alone or in groups.
A small business faced a wrongful termination claim from a former employee who alleged discrimination based on age. The employee sought damages amounting to $250,000, which could have severely impacted the company’s finances. Fortunately, the business had Employment Practices Liability Insurance (EPLI). The insurer covered the legal defense costs, which totaled approximately $50,000, allowing the company to effectively defend against the claims without depleting its resources. Ultimately, the case was dismissed, and the firm avoided a potentially damaging payout, showcasing how EPLI can protect businesses from significant financial burdens while ensuring they can focus on their operations.