CAP Surpasses 9,000TH Member Milestone, Continues Solid Growth Trend
May, 2006
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LOS ANGELES, Calif., May 1, 2006 - Active membership in the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), a California provider of medical professional liability coverage, has passed the 9,000 mark, and the company's net membership has increased significantly in the past four years.
Since the start of 2002, net membership in CAP has increased by 3,134 members. Net membership growth is based on the total number of new members minus the number of members terminating.
"Factors like an overall 5.25 percent reduction in the Mutual Protection Trust assessment along with member benefits such as long-term disability coverage demonstrate why CAP is proving to be a very attractive alternative for California's preferred physicians," said James L. Weidner, CAP chief executive officer. "As a unique risk-sharing organization, with outstanding underwriting, claims and risk management practices, we have been able to maintain stable ratios and low rates."
About CAP
Established in 1977, CAP today provides liability protection for the medical practices of more than 9,000 California physicians. Through rigorous underwriting, assertive claims management, and customized risk management programs, CAP is recognized as one of the most successful physician-owned medical liability companies in the U.S. The A.M. Best Co. has awarded the Mutual Protection Trust the rating of A (Excellent).
Based in Los Angeles, CAP also has offices in San Diego, Orange and Mountain View, California.
Contact: Bill West
CAP
(800) 252-7706
John Knox
Knox Communications
(415) 255-9043
Knoxee@aol.com
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