Cooperative of American Physicians Membership Tops 10,000
LOS ANGELES, July 14, 2008 /PRNewswire via COMTEX/ — The Cooperative of American Physicians, Inc. (CAP) today announced that its active membership officially exceeded 10,000 physicians.
“Surpassing the 10,000 member level truly represents a milestone for our corporation,” says CEO James L. Weidner. “The physicians who founded CAP more than 30 years ago were true visionaries. They believed that physicians working together could find a way to manage the escalating costs of medical professional liability protection — and they were right.”
Throughout its history, CAP has worked to provide its member physicians with the best tools to meet the business challenges of running a medical practice. Through rigorous underwriting, assertive claims management, and customized risk management programs, CAP has become recognized as one of the most successful physician-owned medical liability companies in the U.S. CAP’s core product, the Mutual Protection Trust (MPT), is a leader in promoting medical professional liability protection in California.
The financial stability of MPT is so solid that A.M. Best Company recently assigned it a rare A+ (Superior) Rating for the third year in a row. MPT is the only physician-owned and directed medical professional liability provider ever to earn such a rating.
“The legacy of our founders is the CAP history of stability, reliability, longevity, and the professional attention which is the foundation that has enabled MPT to earn its A.M. Best A+ Rating,” adds CEO Weidner. “And now, more than 10,000 doctors share in the benefits that such a legacy provides.”
About the Cooperative of American Physicians, Inc. (CAP)
The Cooperative of American Physicians, Inc. was established in 1975 by a group of California physicians to find a way to manage the escalating cost of medical professional liability coverage. Two years later, CAP launched the Mutual Protection Trust which today provides protection for the finest physicians practicing in California. CAP is recognized as the leading medical professional liability provider in California. Based in Los Angeles, CAP also has offices in San Diego, Orange, Sacramento, and Mountain View, California.
SOURCE Cooperative of American Physicians, Inc.
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