IMA Goes Out of Business, Members Lose Liability Insurance Coverage

by LAS

Scandal closes insurer for Massage Therapists

Massage Magazine and Associated Bodywork & Massage Professionals (ABMP) sent out a mass email today (August 26, 2010) that International Massage Association (IMA) is now defunct. This affects thousands of massage therapists who bought insurance through IMA, a specialty insurer who carried liability insurance plans tailored to the risks that massage therapists face.

According to Massage Magazine, Will Green, owner of the the now-defunct IMA, "sent an e-mail to IMA members on July 21, 2010 informing them that IMA's broker and insurance companies terminated their contract with IMA in April 2010 because IMA failed to pay at least $600,000 of premiums it had collected from its members."

Mr. Green declared in that email that he would sell his farm and commercial properties to satisfy the obligation to cover the unpaid premiums. While Mr. Green has not commented publicly on just what transpired, it appears that his insurance broker quit and Mr. Green is in a dispute with him.

Mr. Green had tried to sell the insurance business earlier this year due to the financial straits it was in. Three different buyers backed out.

The scandal has now culminated in the closing of IMA, as it is now out of business.

Another massage magazine, Massage Today, ran an article this week titled "What Became of IMA?" This prompted a response from Mr. Green in the form of an email to former IMA members.

ABMP has posted a notice on the scandal on its website. Their statement reads in part, "Mr. Green reached out to ABMP in March, when he knew his organization was in trouble. We paid attention because we did not want to see 15,000 massage therapists be left out in the cold. But, after investigation, we determined we were not prepared to potentially put at risk the health of our own organization and our 72,000 members, considering the problems surrounding the IMA Group."

Whether massage therapists who hold liability policies with IMA will suffer from exposure to loss (lawsuits, or other claims against them) is an unanswered question.

The Massage magazine email reads in its entirety: Ponte Vedra Beach, FL (Aug. 25, 2010) MASSAGE Magazine recently learned that the IMA has gone out of business and is no longer renewing insurance coverage for its members.

IMA President Will Green sent an e-mail to IMA members on July 21, 2010 informing them that IMA's broker and insurance companies terminated their contract with IMA in April 2010 because IMA failed to pay at least $600,000 of premiums it had collected from its members.

In that e-mail, Green wrote that he fell into a depression upon learning that illegal actions had been committed in relation to his company. "I did not pursue a legal remedy," he wrote. "I went into a depression without even realizing it I am not faultless. I began to sabotage the business through hurt and anger last year I owe the insurance broker about $600,000 and am selling my farm and commercial building to pay that debt."

Green is now encouraging his former customers to purchase insurance with a new company he claims to be affiliated with, the National Association of Massage Therapists. Green's entire e-mail is posted on: www.massagemag.com/MMIPresponse.

In efforts to provide full disclosure, The Doyle Group, publishers of MASSAGE Magazine and Chiropractic Economics, also offers insurance to massage professionals, through MASSAGE Magazine Insurance Plus (MMIP) (www.massagemagins.com). A comparison of all major liability insurance programs for massage therapists, including AMTA and ABMP, is located at www.massagemag.com/insurancecomparison.

SOURCES:
ABMP Responds to Statements Made by IMA Owner Will Green on Closure of IMA Group, ABMP.com, August 26, 2010, www.abmp.com/news/abmp-responds-to-statements-made-by-ima-owner-will-green-on-closure-of-ima-group/

Associations Respond to IMA Owner, Christie Bondurant, MassageToday.com, August 2010, www.massagetoday.com/print_friendly.php?pr_file_name=http%3A%2F2Fwww.massagetoday.com%2Fmpacms%2Fmt%2Farticle.php%3Fid%3D14267%26no_paginate%3Dtrue

MMIP Response to Statements Made By IMA Owner Will Green, MassageMag.com, July 27, 2010, www.massagemag.com/MMIPresponse

What Became of IMA?, Ramon G. McLeod, MassageToday.com, August 2010, http://massagetoday.com/mpacms/mt/article.php?id=14262