The largest medical liability insurance company in the country announced April 30th that it will be giving its member physicians in 11 states dividends totalling $21 million as a reward for practicing good medicine and for their loyalty to the company. While this is great news, it’s neither a surprise nor an unusual event coming from The Doctors Company (TDC), which has given dividends of $228 million since 1976. The dividend provides a premium credit of 4 — 13% depending on the state. Dividends are also extended to select specialty societies approved by the company.
The 2012 dividend marks the sixth consecutive year that The Doctors Company has given a dividend to members. Dividends are given in states where the claims experience is better than expected and calculated based on the loss experience of each state.
Physicians insured with TDC in these states are thrilled with this news because the dividend is a benefit in addition to many others associated with being a TDC member. With an A.M. Best rating of A, $4 billion in assets, and 71,000 physician members, TDC gives physicians security in knowing that they are protected by a strong, stable company. Another way that TDC gives back to physicians is through The Tribute Plan, which rewards physicians for continued loyalty.
The Keane Insurance Group has access to over 30 medical professional liability insurance companies and is licensed in all 50 states. Contact a Keane Insurance Group representative if you would like to learn more about the benefits of being insured with The Doctors Company, or click HERE to fill out a Quick Quote form online.