The Doctors Company
| Member-owned interinsurance exchange | |
| Industry | Property and casualty insurance |
| Founded | April 15, 1976 |
| Headquarters | Napa, California, United States |
| Website | www |
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
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- ↑ Tribute Plan Summary, The Doctors Company
