OSMA’s exclusively endorsed medical liability insurance partner, The Doctors Company (TDC), has approved a 2024 premium dividend of approximately $14.7 million, bringing the total distributed dividends to date to more than $470 million. Eligible members in Ohio will receive a dividend of 9 percent on policy renewal.

Additionally, TDC announced that its Tribute Plan has now distributed more than $175 million to approximately 14,000 retirees. Through the current dividend and Tribute Plan OSMA’s partnership with TDC is benefiting current practices and retirees that served the patients of Ohio for decades.

---

This Tribute Plan “is tangible proof of TDC’s mission to advance, protect, and reward the practice of good medicine,” said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group. “I’m pleased that in our recent survey of members, 90 percent recognized the importance of Tribute and 90 percent expressed satisfaction with our unmatched benefits.”

---

Backed by the financial strength of $7.3 billion in assets and $2.8 billion in member surplus, The Doctors Company is able to offer this industry-leading reward without compromising its ability to protect its members’ livelihoods or pay claims. The millions of dollars that are in Tribute accounts today come from the capital of the company, not from premiums, and Tribute payments do not affect The Doctors Company’s ongoing dividend program.

OSMA knows that liability insurance is a significant cost for most practices and that is why the OSMA has had a long standing relationship with TDC to ensure our members have cost-effective and comprehensive coverage.

If you have any questions regarding this member benefit or any others offered by the OSMA, please contact info@osma.org.

 

---

About The Doctors Company

The Doctors Company (thedoctors.com), the nation's largest physician-owned medical malpractice insurer, is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is part of TDC Group (tdcg.com), providing insurance and risk management solutions to over 110,000 healthcare professionals and organizations nationwide. To learn more, follow and subscribe to The Doctors Company on X (@doctorscompany), YouTube, LinkedIn, and Facebook.