Policyholder Services

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.