The Quantum Group Adds New Insurance Product for ... ( Addresses steeply rising ...)

The Quantum Group Adds New Insurance Product for Physicians

Date:7/1/2008

Addresses steeply rising medical insurance premiums

WELLINGTON, Fla., July 1 /PRNewswire-FirstCall/ -- The Quantum Group (Amex: QGP) ( http://www.QuantumMD.com ) has announced that subsidiary company, The Quantum Agency, Inc., has added a new insurance product to address steeply rising medical insurance premiums for physicians -- Medical Legal Expense Reimbursement Insurance.

The new Medical Legal Expense Reimbursement insurance coverage offered through The Quantum Agency (TQA) is targeted for physicians who have chosen not to carry standard professional liability insurance (i.e. malpractice insurance) or who have indemnification of liability from other sources. This coverage provides legal reimbursement, which can help protect a physician's assets without being cost prohibitive.

Noel J. Guillama, President & CEO of The Quantum Group, noted that an increasing number of physicians are choosing to go "bare," or without coverage, due to the high costs associated with carrying professional liability insurance. Guillama commented, "Many of the providers affiliated with Renaissance Health Systems, a Quantum subsidiary company, have talked with us about the difficulty they have in obtaining malpractice insurance, particularly due to the high costs associated with this coverage. The mission of The Quantum Group of Companies is to provide cost effective and efficient solutions for healthcare providers. We believe this product meets the high standards we have set for our services and solutions and takes aim at the inherent risks physicians take by operating without coverage -- including loss of personal assets and even their professional reputation."

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