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Premier Physicians Insurance Company Declares First Shareholder Dividend
LAS VEGAS – Dr. Warren Volker, Chairman and Founder of Nevada-based Premier Physicians Insurance Company, announced today that the company will issue its first shareholder dividend in the third quarter of 2009, after just three years in operation.
Wholly owned by its policyholders, Premier Physicians Insurance Company has provided Nevada physicians with a medical malpractice insurance model they control and profit from. The financial success of Premier Physicians is due to the careful selection of applicants, precise underwriting and proactive risk management policies adhered to by its management company, Capstone Management Group.
As one of Nevada’s largest medical malpractice insurance carriers, Premier Physicians provides an unmatched combination of integrity, expertise, and financial strength, and has saved its members over $3 million in premiums when compared to their prior medmal coverage. The company will begin issuing the dividend checks to vested shareholders – totaling hundreds of thousands of dollars – starting this month.
“Our strengths lie in our ability to understand the needs of physicians and continuously evolving with the marketplace. This allows us to deliver the most competitive medical malpractice coverage, while building strategic relationships that expand our capabilities, creating value for the company and its members.” said Volker. “This dividend is evidence of that growing value.”
Nino Pedrini, President of Capstone Management Group, said “The secret is in maintaining a disciplined approach in a competitive market. It’s easy to give into the temptation to participate in rate wars. Any company can grow its market share by buying business, but that simply destabilizes the value of the company and the market itself. Capstone remains committed to responsible management, and it’s paying off for Premier’s members.”
Membership in Premier Physicians is a reflection of a doctor’s exceptional training, distinction in their field and excellence in practice.
These same high levels of professionalism have made Premier Physicians Insurance Company the ideal choice for medical malpractice coverage.
About Premier Physicians Insurance Company
Premier Physicians Insurance Company, a risk retention group, is a physician-owned and controlled medical malpractice liability company. The Nevada-based firm is based on a unique model that encompasses evidence-based medicine, binding arbitration, and effective risk management strategies, which results in fewer claims (losses) and lower coverage costs. Premier Physicians Insurance Company provides solutions tailored to the specific needs of its physicians, whatever their medical specialty. By insuring only the highest quality of doctors, stability and coverage is assured.
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