The Doctors Company

The Doctors Company
Member-owned interinsurance exchange
Industry Property and casualty insurance
Founded April 15, 1976
Headquarters Napa, California, United States
Website www.thedoctors.com

The Doctors Company is a medical malpractice insurance company headquartered in Napa, California, USA.

Description

The Doctors Company claims to be the largest physician-owned medical malpractice insurer in the U.S, with over 74,000 insureds nationwide, $4 billion in assets, $1.4 billion in member surplus, and a financial strength rating of A from A. M. Best and Fitch Ratings in fiscal year 2012.[1]

Founded in 1976, The Doctors Company operates as a member-owned interinsurance exchange, with a number of wholly owned subsidiaries, and is led by a 14-member Board of Governors.

In 2008, The Doctors Company merged with Los Angeles-based SCPIE Holdings, Inc.[2] In October 2010, the company completed a $386 million purchase of American Physicians Capital, Inc.[3] On October 19, 2011, The Doctors Company acquired FPIC Insurance Group, Inc., and its subsidiaries First Professionals Insurance Company, Inc.; Advocate, MD Insurance of the Southwest, Inc.; Anesthesiologists Professional Assurance Company; and Intermed Insurance Company.[4]

Tribute Plan

In 2007, The Doctors Company launched a retirement benefit for members called the Tribute Plan. The plan’s purpose is to reward members for loyalty to the company and for providing outstanding patient care. The company sets aside funds for eligible members, and those members receive a financial award when they meet plan criteria upon retirement from the practice of medicine.[5][6]

References

  1. ↑ "2012 Financial Facts" (PDF). The Doctors Company. July 2013. Retrieved October 16, 2013.
  2. ↑ Chris Rauber (September 14, 2008). "Merger lets Doctors cut malpractice-insurance rates". San Francisco Business Times. Retrieved September 17, 2011.
  3. ↑ "Doctors Co. buys American Physicians Capital for $386M". San Francisco Business Times. October 25, 2010. Retrieved September 17, 2011.
  4. ↑ "The Doctors Co. Completes Acquisition of FPIC". Insurance Journal. October 20, 2011. Retrieved October 26, 2011.
  5. ↑ Chris Rauber (May 6, 2007). "Medical Malpractice Insurer to Fund Retirement Package". San Francisco Business Times. Retrieved September 17, 2011.
  6. ↑ Tribute Plan Summary, The Doctors Company
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