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FOR IMMEDIATE RELEASE
CMIC Declares 12.5% Dividend for Policyholders in 2016
GLASTONBURY, CT – September 10, 2015 – CMIC, a leading member-owned medical professional liability insurance company, announced today that its Board of Directors declared a policyholders’ dividend to be distributed to all CMIC policyholders renewing their policies in 2016.
The 2016 dividend credit will approximate 12.5% and will be applied to renewal premiums after all other credits are taken into consideration, including current loss experience credits, which range from 7.5% to 35% and loss prevention education credits.
The 2016 dividend was approved during the company’s recent board meeting, which took place on August 29th in Groton, CT. Future dividend declarations will be made at the discretion of the CMIC Board of Directors.
CMIC is a member company of CMIC Group, an A- (A.M. Best) rated company.
About CMIC Group
CMIC Group is a leader in developing innovative insurance programs, services and solutions for physicians, doctors, healthcare providers, hospitals, and facilities dating back to the origins of CMIC in 1984. Our products and services are tailored to meet the unique needs and challenges our insured’s face each day. For more information, visit CMIC Group’s website at www.cmic.biz
80 Glastonbury Boulevard
Glastonbury, CT 06033
T: 800.228.0287 ext. 283