The Cooperative of American Physicians, Inc. (CAP) announced that AM Best has reaffirmed its A+ (Superior) Financial Strength Rating for the Mutual Protection Trust (MPT) with a stable outlook. MPT is one of California’s leading providers of medical malpractice coverage, serving more than 13,000 physicians.

MPT has held AM Best’s A+ (Superior) rating for nearly 20 years, a testament to the organization’s decades-long history of financial stability. This achievement highlights the proven strength of MPT’s unique financial structure, exceptional operational performance, market position, and disciplined underwriting and proactive risk management practices.

“AM Best’s reaffirmation of MPT’s A+ (Superior) rating reinforces the financial security our physician members depend on,” said CAP Chief Executive Officer Sarah Scher. “CAP’s longstanding mission to safeguard their careers and their practices is built upon a 50-year foundation of trust that continues to drive unprecedented growth among an extraordinary community of physician members statewide.”

AM Best also issued an A- (Excellent) Financial Strength Rating with a stable outlook to CAP’s wholly owned subsidiary, Cooperative of American Physicians Insurance Company (CAPIC), citing strong management, sound financial practices, and long-term financial growth. CAPIC specializes in medical malpractice coverage solutions for large medical groups and provides reinsurance and additional benefits for CAP and MPT.

“CAPIC serves healthcare organizations as both an expert and a partner, providing tailored coverage, managing risk at scale, and delivering the level of responsiveness large medical groups require and expect,” said CAPIC President and Chief Operating Officer Alyson Lewis. “AM Best’s recognition of our financial strength validates the consistent, disciplined approach our broker partners and insureds rely on to protect their physicians and operations.”