NEWS ARCHIVE

Algona, IA – Pharmacists Mutual Insurance Group ("Pharmacists Mutual") announces the retirement of three long-serving Board members: Sue Sutter, Rich Moon, and Kirk Hayes, and welcomes three new directors whose experience and leadership will guide the company into its next chapter. Read More »

Algona, IA – Pharmacists Mutual Insurance Group (PMIG), a leading provider of commercial property and casualty insurance for pharmacies and specialty healthcare service providers, is pleased to announce a new organizational structure and leadership following its transition to a mutual holding company (MHC). This structure, effective January 1, 2026, includes two specialized branches: Read More »

Algona, IA – Pharmacists Mutual Insurance Group is pleased to announce that AM Best Company* has affirmed its Financial Strength Rating (FSR) of A- (Excellent) and its Long-Term Issuer Credit Rating (ICR) of a- (Excellent). According to AM Best’s FSR scale, an Excellent rating reflects an insurer’s strong ability to meet its ongoing policy and contract obligations, a standard we remain committed… Read More »

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. Read More »

Pharmacists Mutual Is Here to Help – Before, During, and After a Loss Read More »

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… Read More »

The Arkansas Insurance Department issued Bulletin No. 06-2025 in response to the recent severe storms taking place in Baxter, Chicot, Clark, Fulton, Greene, Hempstead, Hot Spring, Independence, Izard, Jackson, Lawrence, Nevada, Phillips, Randolph, Sharp, Stone, White, and Woodruff counties. Please see the links below. The Department has issued a 60-day moratorium on the cancellation and… Read More »

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. Read More »

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. Read More »

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. Read More »

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… Read More »

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. Read More »

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. Read More »

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… Read More »

Click here to read the fire safety alert in the wake of Hurricane Helene. Read More »

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 a list of tips to help you prepare for the storm. Read More »

Governor Lee issued Executive Order 105 on September 27, 2024, in response to the severe weather and flooding that has recently affected the state. In response to this order, the State of Tennessee Department of Commerce and Insurance Tennessee issued Bulletin 2024-03 that was directed to all Tennessee-licensed insurance companies and insurance professionals licensed in other states. Read More »

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Looting is often associated with protests and civil unrest events that spiral out of control. Nefarious characters often take advantage of confusion and highly charged settings to rob and damage local storefronts, smashing and grabbing as much merchandise as possible. Read More »

GLP-1 drugs seem to be on everyone’s mind and in the news pretty regularly. Compounding pharmacies have played a crucial role in providing these medications to patients, while the manufactured drugs have remained in shortage for many months. Pharmacists Mutual has seen claims against pharmacists and pharmacies for adverse reactions in patients and allegations in these claims include improper… Read More »

Most business owners are aware of the potential for civil unrest within or near their communities. According to the Carnegie Endowment for International Peace, there have been more than 700 significant antigovernment protests in more than 147 countries worldwide since 2017. While some citizens take to the streets with good intent to protest peacefully, history shows it doesn’t take much for… Read More »

The Atlantic hurricane season runs from June 1st through November 30th. When a hurricane is predicted to make landfall near your location, it’s already too late to prepare. Stores will be out of preparedness supplies, and grocery stores will likely have bare shelves. Read More »

Recent studies show that political risk and violence rank as the eighth-largest worry for companies globally in 2024, up from 10th in 2023 and 13th in 2022. This steadily increasing concern is well-placed, as the costs from U.S. riots during the 2020 election year reached $1-$2 billion in insurance claims. Read More »

Susan Sutter to Assume Board Chair Read More »

Pharmacists Mutual Insurance Company has recently released a robust toolkit designed specifically for our members. This toolkit equips businesses with the necessary tools and knowledge to fortify themselves against the potential damage and loss caused by civil unrest and riots, empowering them to face these challenges with confidence. Read More »

Why Your Business Needs to Be Prepared for Civil Unrest & Riots Read More »

As a member of Pharmacists Mutual Insurance Company, you are invited to the annual meeting on Friday, May 17, 2024, at 9:00 a.m. The meeting agenda will include a member report, the election of Directors whose terms are expiring, and other matters as may properly come before the meeting, as specified in the Bylaws. Members may add business items to the agenda by written submission to the… Read More »

Click here to view the 2023 Annual Report. Read More »

Pharmacists Mutual strives to provide peace of mind. Realizing flooding may occur in many low-lying areas, be sure to park your vehicle in a location not subject to flooding. If you need our help after the storm passes, rest assured we are here for you. Read More »

The highlight of Louise’s week was driving to the local grocery store to do her shopping. Louise completed her weekly shopping every Tuesday at 9 A.M., like clockwork. Little did Louise know that this upcoming trip to the store would be her last trip by herself. Because of a slip and fall in the store, Louise broke her hip and is now in a rehab center, perhaps indefinitely. Read More »

Extreme cold temperatures are headed your way; now is the time to take steps to prevent freezing pipes and negative impacts on your fire suppression system. Read More »

Pharmacists Mutual cares very much about the well-being of our members. You may be aware of the civil unrest affecting the Philadelphia area. During times like these, it is important to know that you have a trusted partner in Pharmacists Mutual. You should feel confident that we stand ready to respond to any hardship faced by you or your business. Read More »

Pharmacists Mutual Insurance Company and PMC Advantage Insurance Services express their shared sense of loss, anger and grief at the murder of Algona Police Officer Kevin Cram. Officer Cram kept Iowa communities safe for over a decade, and made the ultimate sacrifice the night of September 13, 2023 in the service of where we all call home. We are forever grateful. The Pharmacists Mutual community… Read More »

Hurricane Preparedness Read More »

Hurricane Preparedness Read More »

Hurricane Preparedness Read More »

Algona, IA (July 24, 2023) – Pharmacists Mutual Insurance Company, the parent company of Chiron Insurance Company and PMC Advantage Insurance Services, Inc., announced July 21, 2023, that its Board of Directors has unanimously chosen Aaron Pearce as the organization’s next President and Chief Executive Officer. Pearce, who currently serves as Vice President and General Counsel for a number of… Read More »

DIR (Direct and Indirect Remuneration) fees is a comprehensive term which covers charges made to pharmacies by Medicare Part D plans or PBMs outside of normal administration fees. The charges may be classified as service fees, network access fees, or they may even be tied to pharmacy performance quality measures. Read More »

Conveyor belts were invented in the 1790’s. American groceries began using steel conveyor belts in 1901. By the 1960’s, automated conveyor belts were appearing in grocery stores across the nation. Though a major convenience for staff and customers alike, conveyor belts also pose a number of risks. A study conducted in 2009 by Dr. Zhinong Yan of Moi Belting Systems, Grand Rapids, Michigan found… Read More »

Update – Friday, April 21, 2023 – The U.S. Supreme Court ruled 7-2 today to stay the entire order issued by Judge Kacsmaryk of Texas. This ruling overrules the Fifth Circuit Court of Appeals’ order that partially stayed Kacsmaryk’s order. As a result, mifepristone’s status will remain unchanged until the Fifth Circuit hears the case and makes a ruling on the merits. The hearing is expected to be… Read More »

Update – Thursday, April 20, 2023 – Justice Samuel Alito extended his stay until 11:59 p.m. on Friday, April 21, 2023. Pharmacists may continue to dispense mifepristone according to previous state and Federal laws until an order is issued or the stay extended again. Read More »

The State of Tennessee Department of Commerce and Insurance (DCI) issued Bulletin No. 23-01 in response to the tornadoes from March 31, 2023, and April 1, 2023. Please see the links below for more information. Read More »

The recent Federal court rulings on the status of mifepristone may leave pharmacists wondering where they stand if they dispense mifepristone. The answer has been changing rapidly and may continue to do so. The answer may also depend on where the pharmacist practices. On April 7, 2023, Judge Matthew Kacsmaryk of the United States District Court for the Northern District of Texas issued a ruling… Read More »

The Arkansas Insurance Department issued Bulletin No. 4-2023 in response to the recent severe storms taking place in Cross, Lonoke, and Pulaski counties. Please see the links below. The Department has issued a 60-day moratorium on the cancellation and non-renewal of personal lines policies for the non-payment of premiums. This shall apply to all personal lines policies issued that cover risks in… Read More »

Click here to view the 2022 Annual Report. Read More »

Ask any healthcare professional why they entered their field; the answer will likely be to help people. You probably will encounter few, if any, that will tell you it was to spend extra time charting. However, this documentation is crucial to the care we provide. There are three aspects when providing services in which accurate documentation is imperative. Read More »

Pharmacy Protests Pharmacists Mutual cares very much about the well-being of our members. We support the rights of people to assemble and protest injustice peaceably. We stand opposed to any violence and destruction perpetrated by groups in the cities and towns we serve. We know you are concerned about the civil unrest that has impacted numerous areas of our nation these past years. Knowing that… Read More »

Pharmacists Mutual cares very much about the well-being of our members. We support the rights of people to assemble and protest injustice peaceably. We stand opposed to any violence and destruction that is perpetrated by groups in the cities and towns that we serve. We know that you are concerned about the civil unrest that has impacted numerous areas of our nation these past years. It is… Read More »

Tropical Storm Nicole formed this (Monday) morning in the Atlantic Ocean. This storm’s projected path could reach Florida’s east coast by Wednesday evening/night near hurricane strength. Read More »

The recently enacted Massachusetts law that expanded protections for reproductive and gender-affirming care primarily applies to health insurance. Still, a section of the law pertains to medical malpractice insurance that does impact pharmacists. Under the law, pharmacists may dispense emergency contraception, which is considered reproductive health care services. If a pharmacist dispenses… Read More »

Tropical Depression Nine currently moving in the Caribbean could approach Florida next week as a major Category 3 hurricane. This storm, soon to be named Hermine, is expected to increase in intensity to hurricane strength as it approaches warmer Gulf water. Read More »

School has started, and the air is getting chilly. In the pharmacy world, that means it is flu shot time! While pharmacy has been in immunization mode with COVID-19 for the past couple of years, this is a great time to review your policies and procedures for providing vaccines. The public health emergency declaration is still in effect, meaning there are fewer restrictions on who can provide… Read More »

The U.S. Supreme Court issued a ruling in Dobbs v. Jackson Women’s Health Organization, overturning Roe v. Wade and Planned Parenthood of Southeastern Pa. v. Casey. The ruling means laws regarding abortion revert back to the states. As practitioners who may encounter prescriptions for medication abortion that you understand the law and how it applies in your state. Some of you may not have any… Read More »

Hurricane Preparedness Read More »

Alert – Members in New Mexico Read More »

Click here to read Pharmacists Mutual Insurance Company’s 2021 Annual Report. Read More »

While health care professionals do not commonly face criminal charges for cases of negligence, the following cases show the possibility exists. For example, a nurse in Tennessee was recently convicted of gross neglect of an impaired adult and negligent homicide as a result of a medication error. The nurse intended to withdraw Versed® from a medication cabinet on the floor, but retrieved… Read More »