AM Best Affirms “A” Ratings and Upgrades HIC to “A”
AM Best has affirmed our financial strength rating (FSR) of A (Excellent) and our long-term issuer credit rating (ICR) of “a+.” The outlook of these ratings is stable.
The FSR of A (Excellent) and the long-term ICR of “a+” (Excellent) have been affirmed for the following:
- The Doctors Company, an Interinsurance Exchange
- TDC National Assurance Company
- TDC Specialty Insurance Company
- TDC Special Risks Insurance Company
- The Doctors Company Risk Retention Group, a Reciprocal Exchange
Additionally, AM Best has upgraded the FSR to “A” (Excellent) from “A-“ (Excellent) and the long-term ICR to “a” (Excellent) from “a-” (Excellent) of Hospitals Insurance Company (HIC), a subsidiary of The Doctors Company.
The FSR of A is assigned only to select companies with excellent ability to meet ongoing insurance obligations. The “a+” ICR is assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.
Fitch Ratings Affirms “A” Ratings
Fitch Ratings has affirmed its “A” (Strong) Insurer Financial Strength ratings for The Doctors Company. The outlook of these ratings is “Stable.”
Fitch noted that the ratings are based on a very strong statutory capital position and sufficient loss reserve levels. Fitch further stated that The Doctors Company has a strong business profile as the nation’s number-two writer in medical professional liability insurance.
Fitch commented that The Doctors Company’s capital position is “very strong.” The “A” with “Stable Outlook” ratings include:
- The Doctors Company, an Interinsurance Exchange
- The Doctors Company Risk Retention Group, a Reciprocal Exchange
- TDC National Assurance Company
- TDC Specialty Insurance Company
These ratings from Fitch reflect the strength and stability of The Doctors Company.
NYRSPS: Exclusive Endorsement
The New York Regional Society of Plastic Surgeons (NYRSPS) has chosen us as the exclusively endorsed medical malpractice insurer for its members.
NYRSPS members are now eligible for a multitude of offerings from The Doctors Company, including competitive rates for medical malpractice insurance, and even greater savings if they are affiliated with a Hospitals Insurance Company health system.
NYRSPS members of The Doctors Company will also receive aggressive defense, expert patient safety tools and programs, access to the Section 18 New York State excess risk management program, and a range of coverage options for both physicians and advanced practice clinicians (APCs). Eligible NYRSPS members of The Doctors Company can benefit from the Tribute® Plan, which financially rewards doctors for their loyalty and commitment to superior patient care.
COA: Exclusive Endorsement
The Community Oncology Alliance (COA) has exclusively endorsed The Doctors Company as the medical malpractice insurer for its members. COA is a nonprofit organization dedicated to advocating for community oncology practices and, most importantly, the patients they serve.
COA joins many of the nation’s most prestigious medical organizations in exclusively endorsing The Doctors Company because of its physician focus, financial strength, and mission to advance, protect, and reward the practice of good medicine.
COA members can now benefit from a number of offerings from The Doctors Company, including competitive rates and discounts for medical malpractice insurance. As members of The Doctors Company, COA members will also receive aggressive defense, expert patient safety tools and programs, access to risk management programs, and a range of coverage options for both physicians and APCs. Eligible COA members of The Doctors Company can benefit from the Tribute Plan.
Great Place to Work Certification
We are pleased to announce that, for the second time, The Doctors Company has been Certified™ as a Great Place to Work®.
Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors required for market-leading revenue, employee retention, and innovation.
The Doctor’s Advocate is published by The Doctors Company to advise and inform its members about loss prevention and insurance issues.
The guidelines suggested in this newsletter are not rules, do not constitute legal advice, and do not ensure a successful outcome. They attempt to define principles of practice for providing appropriate care. The principles are not inclusive of all proper methods of care nor exclusive of other methods reasonably directed at obtaining the same results.
The ultimate decision regarding the appropriateness of any treatment must be made by each healthcare provider considering the circumstances of the individual situation and in accordance with the laws of the jurisdiction in which the care is rendered.
The Doctor’s Advocate is published quarterly by Corporate Communications, The Doctors Company. Letters and articles, to be edited and published at the editor’s discretion, are welcome. The views expressed are those of the letter writer and do not necessarily reflect the opinion or official policy of The Doctors Company. Please sign your letters, and address them to the editor.