ISMIE Mutual Insurance Co., the state's large malpractice insurer, staved off a challenge from five insurgent candidates who ran for seats on the company's 20-member board in an election held Wednesday.
The insurgents ran on a number of issues, ranging from the company's openness on financial information to executive pay. Some candidates blamed ISMIE for the skyrocketing costs of malpractice insurance. ISMIE officials and the closely aligned Illinois State Medical Society have blamed the rise on lawsuits and overzealous trial lawyers.
ISMIE, which has 56% of the medical malpractice insurance market in Illinois, says its member doctors didn't buy the arguments of the independent candidates.
"ISMIE's recommended slate was overwhelmingly elected by over a four-to-one margin," Chairman Harold Jensen says in a statement. "We are buoyed by our policyholders' confidence."
There were a total of eight open seats. Doctors backed by the company who were voted in today are: Proctor Anderson, M.D., Merita R.C. Tan, M.D., and Walter Whisler, M.D., of Chicago; Peter Brusca, M.D., of Carol Stream, Ill.; Theodore Kanellakes, M.D., of Joliet, Ill.; William Kobler, M.D., of Rockford, Ill.; R. Brad Ringhofer, M.D., of Swansea, Ill.; and Phillip Johnson, M.D., of Litchfield, Ill.
Jensen was re-elected chairman, Brusca was re-elected vice chairman and Whisler was re-elected secretary and treasurer.
The five independent candidates running were Javette Orgain, M.D., of Chicago; Chester Danehower, M.D., of Peoria, Ill.; Richard Treanor, M.D., of Kildeer, Ill.; and Benjamin LeCompte, M.D., and Frank Madda, M.D., both of Hoffman Estates, Ill.
This story originally ran in Crain's Chicago Business on April 13.