Napa, California—March 23, 2015—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, has declared a premium dividend of approximately $28 million to recognize and reward members for their loyalty and dedication to the practice of good medicine. Since the dividend program’s start in 1976, the company has paid out more than $338 million in dividends.
“We are proud to issue a strong dividend for the 10th year in a row,” said Richard E. Anderson, MD, FACP, chairman and CEO, The Doctors Company. “This dividend, made possible by the excellent claims experience of our members, is just one of the ways we recognize and reward our members for their continuing dedication and commitment to superior patient care. The Tribute® Plan is another, with more than $25 million paid to retiring members to date.”
The 2015 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, North Carolina, Ohio, Oregon, Virginia, Washington, and Wyoming. The dividend will vary from 5 to 20 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 Surgeons, American Academy of Otolaryngology—Head and Neck Surgery, and American Society of Plastic Surgeons®.
Eligible members will receive this year’s dividend as a credit on their annual premium for policy renewals on or after July 1, 2015.
About The Doctors Company
Founded and led by physicians, 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 76,000 members and $4.5 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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