The Doctors Company Announces Membership Dividend
The Board of Governors of The Doctors Company, the nation’s leading physician-owned medical malpractice insurance provider, has approved a premium dividend to recognize and reward its physician members for their loyalty and partnership in helping further advance and protect the practice of good medicine.
The dividend credit will provide an average premium reduction of 7.5 percent to members in select states. The states included in the plan are: California, Colorado, Florida, Georgia, North Carolina, Ohio, Texas, Virginia, Washington, and Wyoming.
“As the industry vanguard, it is important for The Doctors Company to reciprocate member dedication and commitment to the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “This dividend is the first step in a series of precedent-setting actions that will reward our loyal members.”
Members of the national specialty societies that endorse The Doctors Company will also receive a dividend in addition to their extensive program benefits. Physician-members of these societies will continue to be eligible for the multi-year dividend benefit and or premium discount programs associated with their respective society memberships. Specialty organizations that will receive a dividend are: American Academy of Otolaryngology – Head and Neck Surgery, American Association of Neurological Surgeons, American College of Physicians, American College of Surgeons, and American Society of Plastic Surgeons(R). These prestigious medical organizations, representing 250,000 physicians nationwide, have expressed their confidence in The Doctors Company by choosing it as their endorsed or sponsored carrier.
“The dividend credit is tangible evidence of the value of membership in The Doctors Company and an expression of true partnership. Our financial strength has allowed us to explore innovative initiatives and member benefits, which is reflected by this dividend credit. In April, we will announce another dramatic new member benefit,” added Dr. Anderson.
Dividend payments will appear as a credit against current premiums effective with renewals beginning July 1.
About The Doctors Company
Founded by doctors for doctors in 1976 to advance and protect the practice of good medicine, The Doctors Company (http://www.thedoctors.com/) is the nation’s leading physician-owned medical malpractice insurance provider. With $2 billion in assets and A- ratings by A.M. Best Company and Fitch Ratings, The Doctors Company enjoys a reputation as the industry vanguard.