The Doctors Company Announces 2012 Membership Dividend
Napa, California—April 30, 2012—The Doctors Company, the nation’s largest insurer of physician and surgeon medical liability, is pleased to announce a $21 million dividend to reward members for their loyalty and dedication to advancing the practice of good medicine.
Since 1976, The Doctors Company has paid $228 million in dividends to its members. The 2012 dividend credit, approved by The Doctors Company’s Board of Governors, will provide a premium reduction to eligible members in Colorado, Florida, Georgia, Idaho, Maryland, Montana, Ohio, Oregon, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 13 percent depending on the loss experience of the individual state.
“Our strong dividend is made possible by better-than-expected physician claim 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 continuing dedication and commitment to superior patient care.”
Eligible members of select specialty societies may also receive a dividend in addition to their extensive program benefits. Societies receiving the dividend benefit include the American Academy of Otolaryngology—Head and Neck Surgery, the American Association of Neurological Surgeons, the American College of Physicians, and the American Society of Plastic Surgeons®.
2012 marks the sixth consecutive dividend, which 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 premium credits effective with renewals beginning July 1, 2012.
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 71,000 members, $4 billion in assets, and an A rating from both A.M. Best Company and Fitch Ratings.