The Doctors Company Announces $32 Million Member Dividend
Total Payout Received by Members Since 1976 Exceeds $370 Million
Napa, California—March 23, 2016—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, has declared a premium dividend of approximately $32 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 $370 million in dividends.
“For the 11th year in a row, we are recognizing our members for their commitment to superior patient care with a significant dividend,” said Richard E. Anderson, MD, FACP, chairman and CEO, The Doctors Company. “Our members have made this dividend possible by their excellent claims experience. In addition, we reward our members with the Tribute® Plan, which has distributed $40 million to retiring members to date.”
The 2016 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, Illinois, Maryland, Michigan, Montana, New Mexico, North Carolina, Ohio, Oregon, Texas, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 24.5 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, American Association of Neurological Surgeons, and American Society of Plastic Surgeons®.
Eligible members will receive this year’s dividend on their annual premium for policy renewals on or after July 1, 2016.
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 78,000 members and $4.3 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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