CAPAssurance Provides New Options for Exceptional Medical Professional Liability and Risk Management Services
LOS ANGELES, CA (September 3, 2013) – The Cooperative of American Physicians, Inc. (CAP) announces a significant expansion to its CAPAssurance medical professional liability program. Now, in addition to giving California hospitals and medical facilities access to superior professional liability protection and risk management expertise, CAPAssurance offers a superior choice to large physician groups as well.
“Recognizing that large, California‐based physician medical groups need affordable medical professional liability protection in order to run successful practices, we have expanded the CAPAssurance Risk Purchasing Group to ensure these groups have more choices for the protection they require,” said James L. Weidner, chief executive officer of CAP. “As a California‐based, physician‐owned organization with extensive medical professional liability experience, CAP brings to bear the necessary expertise to meet the needs of this growing market segment.”
CAPAssurance is led by industry veteran John Raleigh, who also serves as CAP’s vice president of Membership. Rounding out the leadership team is Timothy P. Foley, chief underwriting officer, and a board that includes CAP CEO Weidner as well as physician members J.C. Cobo, MD and Béla Kenessey, MD who chair the MPT Board of Trustees and CAP Board of Directors, respectively. The risk purchasing group will be using an A+ rated, national medical professional liability company to underwrite the program.
CAPAssurance members also benefit from CAP’s time‐tested and proven products, services, and professionals ranging from its superior risk management team, CAP’s claims services professionals, human resources support services, and insurance services.
“For nearly 40 years, CAP has helped its member physicians minimize medical practice‐related risks while at the same time delivering the highest quality legal support services,” said Cindy Belcher, CAP’s senior vice president, Corporate Strategy and Business Development. “By expanding the reach of CAPAssurance, large physician medical groups now have access to this expertise.”
About the Cooperative of American Physicians, Inc.
The Cooperative of American Physicians, Inc. was established in 1975 by a group of California physicians to manage the escalating cost of medical professional liability coverage. Two years later, CAP formed the Mutual Protection Trust (MPT), which has earned an A+ (Superior) rating from A.M. Best since 2006. In 2013, CAP created the CAPAssurance Risk Purchasing Group, allowing hospitals, facilities, and large physician groups access to top‐ rated liability and risk management services. CAP now supports more than 12,000 of California’s finest physicians through offices in Los Angeles, San Diego, Orange County, Sacramento, and Palo Alto. For more information, visit www.CAPphysicians.com.
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