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What is the Academy’s role with respect to OMIC?

In the mid 1980’s, when ophthalmologists around the country voiced their concern over extremely high rates charged by other insurance carriers, the American Academy of Ophthalmology responded by helping to create an independent insurance carrier, OMIC, to write professional liability coverage exclusively for its members. Although the Academy sponsors OMIC in this role and many of OMIC’s Board members are or have been active in voluntary capacities with the Academy, OMIC operates as a separate and independent company. OMIC, not the Academy, is solely responsible for all insurance and business decisions, including coverage, underwriting, claims, and defense decisions.

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Six reasons OMIC is the best choice for ophthalmologists in America.

#2. Leader in the industry.

A-rated by AM Best, OMIC is ranked #1 among 50 malpractice insurance companies in America for financial stability. No other carrier has matched OMIC's consistent financial performance with regard to both combined and operating ratios, the two most relevant financial measurements for an insurance carrier.