The Doctors Company Announces Rate Reduction for Ohio Members.NAPA, Calif. -- The Doctors Company, the nation's leading physician-owned medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional. insurance carrier, is pleased to announce an average premium reduction of nearly 8 percent in Ohio beginning May 1, 2007 for new policyholders and July 1, 2007 for those renewing their coverage. "This rate reduction is further evidence of The Doctors Company's commitment to Ohio physicians," said Richard E. Anderson, MD, FACP FACP Fellow of the American College of Physicians. FACP abbr. 1. Fellow of the American College of Physicians 2. Fellow of the American College of Prosthodontists , chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Doctors Company. "As Ohio's largest physician-owned insurer, we relentlessly protect, defend, and reward our members for their loyalty and the practice of good medicine." In addition to the premium rate reduction, a claims-free discount increase from 12.5 percent to 17.5 percent is available to various surgical specialties that meet the criteria, including general surgery, neurosurgery neurosurgery /neu·ro·sur·gery/ (noor´o-sur?jer-e) surgery of the nervous system. neu·ro·sur·ger·y n. Surgery on any part of the nervous system. , obstetrics and gynecology obstetrics and gynecology Medical and surgical specialty concerned with the management of pregnancy and childbirth and with the health of the female reproductive system. , orthopedic surgery, plastic surgery, and thoracic/cardiovascular surgery. In January of this year, The Doctors Company acquired OHIC Insurance Company (OHIC), a leading medical liability carrier in Ohio. With more than 4,000 total insureds, OHIC and The Doctors Company constitute the largest physician-owned medical malpractice insurance carrier in Ohio, writing approximately $100 million in premium in Ohio, while protecting more than 32,000 physicians nationwide. "The financial strength and industry leadership of our recently combined organizations enables our company to reduce premiums while continuing to provide exemplary member benefits including multi-year dividend programs, state-of-the-art patient safety resources, and CME CME See: Chicago Mercantile Exchange CME See Chicago Mercantile Exchange (CME). programs," said Tom Luffy, regional operating officer and CFO See Chief Financial Officer. of OHIC Insurance Company. About The Doctors Company Founded by doctors for doctors in 1976 to advance and protect the practice of good medicine, The Doctors Company (www.thedoctors.com) is the nation's leading physician-owned medical malpractice insurer. 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. |
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