In an industry where trust, expertise, and unwavering support are paramount, CAP is proud to celebrate a remarkable milestone—50 years of providing exceptional medical malpractice coverage and services to support physician success.
A Legacy of Trust
In 1975, when medical malpractice costs in California spiraled out of control, threatening the viability of medical practices, a small group of nine doctors created the Cooperative of American Physicians, Inc. (CAP), a unique cooperative with a core product—the Mutual Protection Trust (MPT)—designed to offer affordable medical professional liability coverage to fellow physicians.
Today, 13,000 physician members—the largest membership count in the organization’s history—trust CAP and MPT for coverage that stands the test of time, providing security and stability in an ever-changing healthcare landscape.
Reflecting on the past 50 years and the company’s success, CAP CEO Sarah Scher notes, “Our greatest achievement is, and always will be, serving our physician members and focusing on innovative solutions to ensure their well-being and success.”
CAP and MPT have long been the second largest provider of medical malpractice coverage in California, building on a commitment to ensure that physicians receive the highest quality coverage and services to help them deliver outstanding care. Members have 24/7 access to risk management experts and risk-reduction resources; free practice management consulting and time- and money-saving products; added insurance benefits; human resources assistance; and, if and when needed, unparalleled personalized and compassionate claims and litigation support for the best possible outcomes.
Formed by physicians who understood the difficulties and risks their peers encountered, CAP remains true to their founding principles. Today, CAP’s physician leaders drive the organization’s vision, prioritizing the development of innovative strategies that empower members to tackle obstacles and achieve their goals. At the same time, they maintain a strong focus on responsible management of the organization’s operations and MPT’s financial stability, which has earned A.M. Best’s esteemed A+ (Superior) Rating every year since 2006.
The collective voice and collaboration of CAP members remain essential for addressing today’s challenges and protecting the gift of caring for patients.
During this 50-year milestone, CAP shines as a testament to the resilience and excellence of its members, who are celebrated every day for their steadfast dedication to their patients and communities.
Over the next several months, members can look forward reading a special edition of Physician Today that will feature a comprehensive timeline and story of CAP's history, an exclusive interview with CAP's leaders, and more. Members will also have the chance to request a number of 50th anniversary commemorative gifts and engage in other online communications and activities. If you would like to share a story about a special experience you've had with CAP, or any other comments about this occasion, please email CorporateCommunications@CAPphysicians.com.