The Doctors Company: Retired Physician Volunteers Receive No-Cost Malpractice Coverage during COVID-19 Pandemic

March 26, 2020 by matray

As U.S. healthcare systems are being pushed to their limits during the COVID-19 pandemic, The Doctors Company announced that it will provide free medical professional liability coverage to retired physicians formerly insured by the company who volunteer during the crisis.

"Today, our mission to advance, protect and reward the practice of good medicine is more important than ever. We appreciate our members' lifesaving work during this crisis and want to make it as easy as possible for our retired members to assist," said Richard E. Anderson, MD, FACP, chairman and chief executive officer of The Doctors Company.

If retired former members of The Doctors Company return to practice as volunteers, this decision will not impact their extended reporting period, or tail, coverage. Additionally, there will be no impact on previous Tribute Plan awards.

To qualify, a retired healthcare professional must be providing professional services for no fee, salary or other compensation — with the exception of expenses incurred delivering those services. Retired former members of The Doctors Company interested in the free coverage can complete an online form or call (800) 421-2368, press 1 for Member Services, then 6 for coverage activation.

Retired members considering volunteering can find more information at "COVID-19 Malpractice Coverage FAQs." All healthcare providers can visit "COVID-19 Resource Center for Healthcare Professionals" to keep up to date on the pandemic.

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CMIC Group Offering Special COVID-19 Dividend

March 26, 2020 by matray

CMIC Group announced that its Board of Directors has declared a special dividend that totals $5 Million for CMIC policyholders. The dividend is being distributed to help support their healthcare providers through the challenges created by the COVID-19 outbreak. The company is also deferring all premium payments currently due until June 30, 2020.

“The challenges facing the world, and more acutely, medical providers, due to this global crisis are unprecedented,” said Stephen J. Gallant, CEO of CMIC Group. “As a carrier that has spent the last 35 years supporting our policyholders, we are doing all we can to help alleviate some of the strain facing these dedicated professionals and provide some relief to their medical practices.”

According to the company, it has been in recent contact with many of its policyholders and is working on a variety of coverage options and considerations in response to the evolving challenges faced by medical professionals on the frontlines of the pandemic.

“As a company, we have the utmost gratitude for the tireless efforts of our healthcare providers during this ordeal,” Gallant said. “We want our policyholders to know that CMIC Group is here to support them through the challenges ahead.”

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