The Doctor’s Advocate | Third Quarter 2012
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We proudly announce that A.M. Best Company has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to the FPIC Insurance Group, a wholly owned subsidiary of The Doctors Company.
The upgraded ratings apply to the following FPIC Group members: First Professionals Insurance Company (FPIC), Anesthesiologists Professional Assurance Company (APAC), and Intermed Insurance Company. The Doctors Company completed its acquisition of FPIC and its subsidiaries in October 2011.
A.M. Best also affirmed The Doctors Company’s financial strength rating of A (Excellent) and its issuer credit rating of “a.” The A (Excellent) rating is assigned only to select companies with excellent ability to meet ongoing obligations to policyholders.
“We are pleased that the strength of this partnership has been recognized,” said Richard E. Anderson, MD, FACP. “Our combined organization provides FPIC policyholders with the financial strength of a physician-owned insurer with multiple A ratings and a commitment to relentlessly protect, defend, and reward its members.”
A.M. Best says the rating reflects FPIC’s supportive risk-adjusted capitalization, strong historical operating performance, high policyholder retention levels, and the benefit of both implicit and explicit support provided by The Doctors Company.
The ratings agency also recognized The Doctors Company’s excellent capitalization, long-term underwriting profitability, favorable reserve development, and leadership position in the medical professional liability market across multiple jurisdictions. An additional positive factor, A.M. Best said, is the company’s dedication to sharing its financial success with members through dividends and the Tribute® Plan.
We recently convened the West’s top medical malpractice defense attorneys to share information about litigation trends and successful defense strategies.
Now in its sixth year, our Legal Summit West is an assembly of nearly 100 of the region’s most experienced senior legal teams and industry experts. This year’s meeting included attorneys from California, the Northwest, and the Southwest, and as far away as Wyoming and Nebraska.
The sessions are central to our dedication to providing the industry’s most aggressive claims defense by keeping leading authorities up-to-date on local and national trends, plaintiff’s strategies, and best practices.
“The Doctors Company is fiercely committed to defending member physicians,” said David McHale, senior vice president and general counsel. “The Legal Summits demonstrate the company’s commitment to providing our physicians with a comprehensive defense that takes advantage of our understanding of issues both at a local and national level. It’s a perspective that belongs only to The Doctors Company.”
The summit was the first of two organized by The Doctors Company in 2012. The second session will be held in October in the Southeast region.
PDR Network has created a short video calling on physicians to optimize the functions and benefits of electronic health records. The video, which includes comments by Medical Director David B. Troxel, MD, was developed with key points taken from a recent PDR Strategies Webcast. View the video at www.thedoctors.com/ehr.
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 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.
Third Quarter 2012
A Diagnostic Blind Spot
An Ounce of Prevention
Delay in Treatment of Fetal Distress
Procedural Trick Presents Advocacy Challenge
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