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FOR IMMEDIATE RELEASE
CMIC Declares 7.5% Dividend for Policyholders in 2017
GLASTONBURY, CT – November 9, 2016 – 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 2017.
The 2017 dividend credit will approximate 7.5% 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 2017 dividend was approved during the company’s recent board meeting, which took place on September 10th 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 includes both CMIC and its member affiliate, CMIC Risk Retention Group (CMIC RRG). 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. For more information, visit the CMIC Group website at www.cmic.biz
80 Glastonbury Boulevard
Glastonbury, CT 06033
T: 800.228.0287 ext. 283