News

OMIC Declares a 25% Dividend to be Paid in 2014

Benjamin Franklin graces the front of the $100 bill and if you’re an OMIC-insured physician, or if you’re a physician that joins us before year-end, you’ll be seeing a lot more of him next year. As a result of our continued favorable operating performance, we are pleased to announce that OMIC’s Board of Directors approved a 25% dividend for all active physician insureds as of December 31, 2013, to be applied as a credit to your 2014 renewal premium. Common dividend questions answered here. OMIC has announced dividends totaling more than $30 Million since 2009. The cumulative per-physician dividends declared by OMIC during recent years approaches $11,000. Request a Quote.

In addition, there will be no rate changes for 2014. Therefore your 2013 rates will be extended through your 2014 policy period. Base rates have decreased approximately 30% in recent years, making OMIC one of the most competitive carriers for ophthalmic professional liability insurance. Request a Quote.

* The above graphs refer to declared dividends (that are credited to following year renewals) and approximate average physician-only premiums for the years indicated.