Cooperative of American Physicians Celebrates 40 Years of Serving California’s Healthcare Providers

CAP Mutual Protection Trust Continues to Deliver Robust Coverage Solutions in Dynamic and Fast-Changing Sector

LOS ANGELES, February 28, 2017 – The Cooperative of American Physicians, Inc. (CAP) this year celebrates 40 years at the forefront of providing superior medical professional liability protection via its flagship product, the Mutual Protection Trust (MPT). Since 1977, MPT has proudly offered considerable peace of mind to California healthcare providers. 

As a strong alternative to traditional insurance for solo and small group practices, MPT has over the past four decades earned a reputation for providing first-class coverage at a highly affordable rate. Leveraging disciplined underwriting, proactive risk management, and expert claims representation, CAP is able to deliver a market-leading product with numerous value-added services. These include a 24-hour adverse outcomes hotline, human resources support, electronic health record (EHR) consultation, and more.

“In 2016, CAP’s MPT earned an A+ (Superior) financial rating from the rating agency A.M. Best for the 11th consecutive year,” said MPT Board of Trustees Chair Charles P. Steinmann, MD. “This is a testament to the financial robustness and stability of our offerings, as well as the high standards to which we adhere as an organization.”

In addition to medical malpractice coverage, CAP offers members an extensive line of high quality business and personal insurance products through its wholly owned subsidiary, CAP Physicians Insurance Agency (CAP Agency). CAP Agency not only administers the value-added insurance and other benefits members automatically receive when they join CAP, but also provides them with the opportunity to purchase competitively priced insurance products from top-rated carriers.

In 2013, CAP introduced CAPAssurance, a Risk Purchasing Group, to bring liability insurance coverage to hospitals, healthcare facilities, and large medical groups. This offers professional liability solutions that recognize and respond to the unique financial and operational challenges often associated with larger entities.

“In today’s rapidly evolving healthcare environment, CAP’s value proposition is more pronounced than ever,” said CAP and MPT Chief Executive Officer Sarah Pacini. “With considerable experience in delivering outstanding coverage and counsel, as well as an unwavering commitment to continuing education, we are well-positioned to help our members nimbly adapt and navigate the challenges presented by nascent regulatory requirements and market forces.”

CAP President and Board of Directors Chair Béla S. Kenessey, MD emphasizes, “As a practicing physician myself, I can attest to the immeasurable return on investment that CAP provides its members – especially during this transformational period in the healthcare sector. CAP’s staff harbors exceptional acumen across the strata of legal, regulatory, risk management, claims, human resources, patient engagement, and more. They remain constantly apprised of the latest industry developments to ensure that CAP’s offerings are timely, relevant, and highly beneficial. Their support allows physicians to focus on what matters most – providing optimal care to patients.”


About the Cooperative of American Physicians, Inc.

The Cooperative of American Physicians, Inc. (CAP), established in 1975, offers medical professional liability protection and risk management services to more than 12,000 of California's finest physicians through the Mutual Protection Trust. In 2013, CAP organized CAPAssurance, a Risk Purchasing Group, to bring liability insurance coverage to member hospitals, healthcare facilities, and large medical groups. Based in Los Angeles, CAP also has offices in San Diego, Orange County, Sacramento, and Palo Alto. For more information, visit CAP is licensed as a California surplus lines broker (License No. 0B72723). The insurance products provided under the CAPAssurance program are issued by a “non-admitted” or “surplus line” insurer that is not licensed by the State of California.

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