FPIC Insurance Group Acquisition Complete
I am pleased to inform you that on October 19, 2011, we completed our acquisition of FPIC Insurance Group, Inc., the parent company of First Professionals Insurance Company, Inc.; Advocate, MD; Intermed; and Anesthesiologists Professional Assurance Company.
FPIC is a major provider of health care liability insurance in Florida, Texas, Georgia, and Arkansas. With the completion of the merger and the addition of 18,000 insureds, The Doctors Company solidifies its position as the nation’s largest insurer of physician and surgeon medical liability, with 71,000 member physicians.
Combining our two physician-founded companies strengthens our ability to defend, protect, and reward the practice of good medicine. We are pleased by the enhanced value that The Doctors Company will be able to offer physicians, including unparalleled service, exceptional financial strength, and outstanding member benefits. Among those benefits is our unrivaled Tribute® Plan, which rewards physicians for their loyalty to The Doctors Company and for the practice of good medicine.
Upon renewal with The Doctors Company, physicians insured by FPIC and its subsidiaries will automatically participate in the Tribute Plan.
FPIC will function as a wholly owned subsidiary of The Doctors Company, and its operations are being integrated with the company’s existing operations. The company will maintain FPIC’s offices, including its Jacksonville, Florida, headquarters, and Advocate, MD’s office in Austin, Texas.
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 health care provider in light of all circumstances prevailing in 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.