OMIC Members Report 2011

Partners in Ophthalmology

As your medical malpractice insurance carrier, your success is important to us. No matter where and how life leads you to practice, OMIC strives to be a partner for you at every stage of your career: Your partner in practice, in business, and in education. We believe the benefits of partnering with a malpractice insurance company dedicated solely to protecting and defending ophthalmic practice is not limited to our insureds because when we partner with the entire ophthalmic community to mitigate risks, we all benefit.

Through hard work, perseverance, and a commitment to conservative and responsible operating principles, OMIC consistently outperforms, and outstrategizes, other malpractice insurance carriers. This year’s annual report to member-insureds and the ophthalmic community highlights OMIC’s financial and operational accomplishments during the past year.

Highlights of this year’s report:

• OMIC outperformed all other U.S. carriers in many key financial categories and is one of the most fiscally sound carriers in America.
• OMIC has announced rate decreases four of the past six years and will continue our competitive 2011 rates for almost all physician insureds in 2012.
• OMIC declared a 20% 2011 dividend, the 17th in 21 years, for all active physician insureds as of December 31, 2011.
• A.M. Best reaffirmed OMIC’s A (Excellent) rating with a stable outlook and upgraded our corporate credit rating to A+ (Superior).
• The BRP regulatory and fraud and abuse coverage benefit limit in OMIC’s professional liability policy was increased to $50,000.
• eMD™ Cyber Liability and network security coverage was added as an additional BRP policy benefit.
• OMIC launched a new social network, including an OMIC.com news blog and Facebook, Twitter, and LinkedIn pages.

Click inside the illustration above right to see the report (in PDF format). For a printed copy of this report, please contact OMIC.