Napa, California—May 9, 2013—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, announced today a dividend of approximately $21 million to reward members for their loyalty and dedication to advancing the practice of good medicine. The 2013 dividend brings The Doctors Company’s total dividend to $287 million since the program’s start in 1976.
“We are proud to issue a strong dividend for the seventh consecutive year in recognition of the excellent claims experience of our members,” said Richard E. Anderson, MD, FACP, chairman and CEO. “This dividend is just one of many ways we recognize and reward our members.”
The 2013 dividend, approved by The Doctors Company’s Board of Governors, will provide a premium reduction to members in Colorado, Florida, Georgia, Idaho, Maryland, Montana, Ohio, Oregon, Virginia, Washington, and Wyoming. The dividend will vary from 5 to 15 percent depending on the loss experience of the individual state.
Eligible members of select medical specialty societies may also receive a dividend in addition to their extensive program benefits. Societies receiving the dividend benefit, as well as the program benefits and premium discounts associated with their society memberships, are the American Academy of Otolaryngology—Head and Neck Surgery, American Association of Neurological Surgeons, American College of Physicians, American College of Surgeons, and the American Society of Plastic Surgeons®.
This latest dividend is in addition to other industry-leading member benefits, including the Tribute® Plan, an unrivaled financial benefit that rewards members for their loyalty and their dedication to superior patient care. The Doctors Company also provides members with tools and services needed to identify potential sources of patient injury and enhance safety within the practice environment.
Eligible members will receive this year’s dividend as a premium reduction on policy renewals on or after July 1, 2013.
About The Doctors Company
Founded by doctors for doctors in 1976, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 73,000 members and $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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