NAPA,
Calif., March 28, 2024 /PRNewswire/ -- The Doctors
Company, the nation's largest physician-owned medical malpractice
insurer, announced today that it has approved a 2024 premium
dividend of approximately $14.7
million, bringing the total of declared dividends to date to
$470 million.
"We are pleased to reward members once again with earned
dividends," said Richard E.
Anderson, MD, FACP, Chairman and CEO of The Doctors Company
and TDC Group. "Dividends are an important part of our mission to
advance, protect, and reward the practice of good medicine."
Dividends of up to 10 percent were approved by The Doctors
Company Board of Governors for eligible members in the following
states: Florida, Idaho, Illinois, Maryland, Massachusetts, Michigan, Montana, North
Carolina, Ohio,
Texas, Virginia, Washington, and Wyoming. Members of the American Academy of
Otolaryngology—Head and Neck Surgery and American Society of
Plastic Surgeons® may also receive a dividend, depending
on their eligibility.
Eligible members will receive this year's dividend on their
annual premium for policy renewals between July 1, 2024, and June 30,
2025.
Unlike commercial insurance companies, which look for ways to
reward shareholders, The Doctors Company is dedicated to rewarding
its members. In addition to dividends, the company provides
the Tribute® Plan, an unrivaled career benefit that
has awarded more than $150 million to
retiring doctors.
"As a member-owned company, we are committed to sharing the
results of our financial success with the healthcare professionals
we insure," said Deepika Srivastava,
Chief Operating Officer of The Doctors Company. "Our multiyear
dividend program recognizes the outstanding outcomes achieved by
our members."
About The Doctors Company
Founded and led by
physicians, The Doctors Company (thedoctors.com), the nation's
largest physician-owned medical malpractice insurer, is
relentlessly committed to advancing, protecting, and rewarding the
practice of good medicine. The Doctors Company helps physicians
manage the complexities of today's healthcare environment—with
expert guidance, resources, and coverage. The Doctors Company is
part of TDC Group (tdcg.com), the nation's largest physician-owned
provider of insurance, risk management, and healthcare practice
improvement solutions. TDC Group serves the full continuum of care,
from individual physicians to academic medical systems—over 100,000
healthcare professionals and organizations nationwide—with annual
revenue of $1 billion and over
$6.9 billion in assets. To learn more
about our data-driven insights and to stay up to date on industry
trends, follow and subscribe to The Doctors Company on X
(@doctorscompany), YouTube, LinkedIn,
and Facebook.
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SOURCE The Doctors Management Company