PIC WISCONSIN: Announces 2004 Profit-sharing Payment to Physicians

Physicians Insurance Company of Wisconsin

For Immediate Release

Contact: Jill Johnson

608-831-8331 Ext. 1415

MADISON – PIC WISCONSIN announced today that over $1.1 million will be distributed to more than 1,200 physicians as part of its Member Benefit Program. The program is offered exclusively to members of the Wisconsin Medical Society (WMS). Physicians will receive a benefit equal to 5% of the earned premium on their medical malpractice insurance policy.

Since the program was initiated in 1998, PIC WISCONSIN has returned over $5.5 million to policyholders.

“We are pleased to be able to make these payments to our physician policyholders,” said William T. Montei, PIC WISCONSIN President and CEO. “It is entirely due to their outstanding ability to manage risk. Together, we’re working to promote excellent health care in Wisconsin.”

PIC WISCONSIN is the state’s largest medical malpractice insurer. The company provides insurance products, risk financing, and consulting services to physicians, dentists, hospitals, and allied health care providers and networks throughout the Midwest.