LOS ANGELES, July 14 The Cooperative of AmericanPhysicians, Inc. (CAP) today announced that its active membership officiallyexceeded 10,000 physicians.
"Surpassing the 10,000 member level truly represents a milestone for ourcorporation," says CEO James L. Weidner. "The physicians who founded CAP morethan 30 years ago were true visionaries. They believed that physicians workingtogether could find a way to manage the escalating costs of medicalprofessional liability protection -- and they were right."
Throughout its history, CAP has worked to provide its member physicianswith the best tools to meet the business challenges of running a medicalpractice. Through rigorous underwriting, assertive claims management, andcustomized risk management programs, CAP has become recognized as one of themost successful physician-owned medical liability companies in the U.S. CAP'score product, the Mutual Protection Trust (MPT), is a leader in promotingmedical professional liability protection in California.
The financial stability of MPT is so solid that A.M. Best Company recentlyassigned it a rare A+ (Superior) Rating for the third year in a row. MPT isthe only physician-owned and directed medical professional liability providerever 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 hasenabled MPT to earn its A.M. Best A+ Rating," adds CEO Weidner. "And now, morethan 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 agroup of California physicians to find a way to manage the escalating cost ofmedical professional liability coverage. Two years later, CAP launched theMutual Protection Trust which today provides protection for the finestphysicians practicing in California. CAP is recognized as the leading medicalprofessional liability provider in California. Based in Los Angeles, CAP alsohas offices in San Diego, Orange, Sacramento, and Mountain View, California.
SOURCE Cooperative of American Physicians, Inc.