Napa, California—August 15, 2017—A.M. Best has affirmed The Doctors Company’s financial strength rating of “A” (Excellent), its long-term issuer credit rating (ICR) of “a” (Excellent), and its “stable” outlook. The A rating is assigned only to select companies with excellent ability to meet ongoing insurance policy and contract obligations. The “a” ICR is assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.
The ratings apply to the parent group, The Doctors Company, An Interinsurance Exchange (The Doctors Company); its wholly owned subsidiary, TDC Specialty Insurance Company; and TDC National Assurance Company.
A.M. Best stated that The Doctors Company and TDC Specialty Insurance’s ratings were based on strong balance sheets, long-term operating performances, and The Doctors Company’s leading market position. The ratings agency noted that this leadership in the medical professional liability sector is due to positive earnings, successful acquisitions, and strong patient safety and risk management programs.
“We are pleased that A.M. Best continues to recognize The Doctors Company’s financial strength,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “Our stability is foundational to our mission of advancing, protecting, and rewarding the practice of good medicine.”
About The Doctors Company
Founded and led by physicians, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company takes the mal out of malpractice insurance by helping practices of all sizes manage the complexities of today’s healthcare environment—with expert guidance, resources, and coverage. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 80,000 members and over $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings. To learn more about data-driven insights and to stay up to date on industry trends, follow and subscribe to The Doctors Company on Twitter (@doctorscompany), YouTube, LinkedIn, Facebook, and Google+.