HUFL to Pay Dividends to Policyholders/Owners

Healthcare Underwriters Group of Florida (HUFL), a medical liability insurance company licensed and operating in Florida that is owned and governed exclusively by Florida physicians, will pay its first cash dividends to its policyholders/owners. This action was approved by HUFL’s Subscribers Advisory Committee/Board and the Florida Office of Insurance Regulation after the company achieved outstanding loss results for the 2005 policy year.

HUFL’s vision and focus is to stabilize the volatile professional liability insurance market and ensure steady growth through a combination of disciplined underwriting and vigorous claims defense. The company is financially strong and committed to keeping Florida doctors in control of their professional liability insurance.

HUFL is reportedly having an excellent year despite a softening market. Losses that remain consistently lower than anticipated can be attributed mainly to the company’s policyholders, who are reportedly practicing excellent medicine and referring quality physicians to their company. When HUFL’s experience is better than anticipated in the future, it will seek to return a portion of the savings to its policyholders, in the form of another dividend.