Total Payout Received by Members Since 1976 Exceeds $310 Million
Napa, California—April 2, 2014—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, has declared a premium dividend of approximately $23 million to recognize and reward members for their loyalty and dedication to the practice of good medicine. 2014 marks the ninth year in a row that the company has paid a dividend. Since the program’s start in 1976, the company has paid out more than $310 million in dividends.
“We are pleased to have reached the $300 million milestone in dividends provided to our members,” said Richard E. Anderson, MD, FACP, chairman and CEO, The Doctors Company. “Our members have made this dividend possible by their excellent claims experience. Eligible members receive dividends in addition to benefits from the Tribute® Plan, which rewards physicians for their loyalty and dedication to superior patient care by providing a significant financial award when they retire from the practice of medicine.”
The 2014 dividend, approved by The Doctors Company’s Board of Governors, will provide a premium reduction to members in the following states: Colorado, Florida, Georgia, Idaho, Maryland, Montana, Ohio, Oregon, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 15 percent depending on the loss experience of the individual state.
Members of the following select medical specialty societies may also receive a dividend: American College of Physicians, American College of Surgeons, and American Society of Plastic Surgeons®.
Eligible members will receive this year’s dividend as a premium reduction on policy renewals on or after July 1, 2014.
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 74,000 members and $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.