LOS ANGELES, July 14 /PRNewswire/ -- The Cooperative of American Physicians, Inc. (CAP) today announced that its active membership officially exceeded 10,000 physicians.
"Surpassing the 10,000 member level truly represents a milestone for our corporation," says CEO James L. Weidner. "The physicians who founded CAP more than 30 years ago were true visionaries. They believed that physicians working together could find a way to manage the escalating costs of medical professional liability protection -- and they were right."
Throughout its history, CAP has worked to provide its member physicians with the best tools to meet the business challenges of running a medical practice. Through rigorous underwriting, assertive claims management, and customized risk management programs, CAP has become recognized as one of the most successful physician-owned medical liability companies in the U.S. CAP's core product, the Mutual Protection Trust (MPT), is a leader in promoting medical professional liability protection in California.
The financial stability of MPT is so solid that A.M. Best Company recently assigned it a rare A+ (Superior) Rating for the third year in a row. MPT is the only physician-owned and directed medical professional liability provider ever to earn such a rating.
"The legacy of our founders is the CAP history of stability, reliability, longevity, and the professional attention which is the foundation that has enabled MPT to earn its A.M. Best A+ Rating," adds CEO Weidner. "And now, more than 10,000 doctors share in the benefits that such a legacy provides."
About the Cooperative of American Physicians, Inc. (CAP)
The Cooperative of American Physicians, Inc. was established in 1975 by
a group of California physicians to find a way to manage the escalating
cost of medical professional liability coverage. Two years later, CAP
launched the Mutual Protection Trust which today provides protection for
the finest physici
|SOURCE Cooperative of American Physicians, Inc.|
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