PIMS returns more than $104,000 in experience credit payments

Premier Insurance Management Services Inc. (PIMS) has returned more than $104,000 in experience credit payments to 27 Premier healthcare alliance member hospitals and healthcare systems that participate in the PIMS Fidelity and Fiduciary Liability sponsored insurance program.

The experience credit payments of $104,000 made on December 22, 2009, came from profits posted for policy years 2002/2003 and 2003/2004 with Zurich North America, which provided the insurance to participants that received the experience credit payments.

PIMS has offered a Fidelity and Fiduciary Liability sponsored program to Premier alliance members since 1997.