Napa, California—March 29, 2017—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, has declared a 2017 premium dividend of approximately $26 million. Since the program’s start in 1976, the company has paid out nearly $400 million in dividends.
“For 12 consecutive years, we have paid a dividend to recognize and reward our members for their loyalty and dedication to the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “As a proactive insurance partner for practices and healthcare organizations, we seek out ways to reward our members—this is one of the ways we are taking the ‘mal’ out of malpractice insurance. We accomplish this through our dividend and through our Tribute® Plan, which to date has distributed more than $50 million to retiring physicians.”
Approved by The Doctors Company Board of Governors, the 2017 dividend provides a premium reduction to members in the following states: Colorado, Florida, Georgia, Idaho, Illinois, Maryland, Michigan, Montana, New Mexico, North Carolina, Ohio, Oregon, Texas, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 20 percent depending on the loss experience of the individual state.
Members of the following select medical societies may also receive a dividend: American College of Surgeons, American Academy of Otolaryngology—Head and Neck Surgery, American Association of Neurological Surgeons, 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, 2017.
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 partners with practices of all sizes to help them manage the complexities of today’s healthcare environment by providing expert guidance, resources, and coverage. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 78,000 members and over $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings. To learn more about data-driven insights and to stay up to date on industry trends, follow and subscribe to The Doctors Company on Twitter (@doctorscompany), YouTube, LinkedIn, Facebook, and Google+.