The Doctors Company Announces 2011 Membership Dividend
Napa, California—April 20, 2011—The Doctors Company, the nation’s largest insurer of physician and surgeon medical liability, is pleased to announce a $23 million dividend to reward member physicians for their loyalty and dedication to advancing the practice of good medicine.
Since 1976, over $207 million in dividends has been paid to members. The 2011 dividend credit, approved by The Doctors Company’s Board of Governors, will provide a premium reduction to members in Colorado, Florida, Georgia, Idaho, Maryland, Montana, North Carolina, Ohio, Oregon, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 15 percent depending on the loss experience of the individual state.
"Our strong dividend is made possible by better-than-expected physician claims experience,” said Richard E. Anderson, MD, FACP, chairman and CEO. “The dividend is just one of the ways in which we recognize, reward, and thank our physicians for their commitment to superior patient care. The dividend is yet another benefit of membership with The Doctors Company.”
Eligible members of select specialty societies may also receive a dividend in addition to their extensive program benefits. Societies receiving the dividend benefit as well as the program discount associated with their society memberships include: American Academy of Otolaryngology—Head and Neck Surgery, American College of Physicians, American Association of Neurological Surgeons, and the American Society of Plastic Surgeons®. These prestigious medical organizations, representing nearly 250,000 physicians nationwide, have chosen The Doctors Company as their endorsed or sponsored carrier.
The fifth consecutive dividend is in addition to other industry-leading member benefits, including the Tribute® Plan, a breakthrough financial benefit that rewards members for their continued loyalty to The Doctors Company and for their commitment to a higher standard of care. The Doctors Company also offers comprehensive patient safety programs and a wide array of tools, support, and services to make practicing medicine easier and more rewarding for members.
Dividend distributions will appear as credits against current premiums effective with renewals beginning July 1.
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 insurer of physician and surgeon medical liability with nearly 55,000 member physicians, $4 billion in assets, an A rating by Fitch Ratings, and an A- rating by A.M. Best Company.
