Over 40 years ago, as California was gripped by a medical malpractice insurance crisis, leading physicians came together to pass historic legislation on behalf of doctors and tort reform. In the wake of this achievement, The Doctors Company emerged as an entirely new type of insurance carrier—a carrier founded and led by doctors.
Malpractice lawsuits and jury awards in California skyrocketed during the 1970s, causing commercial insurance companies to raise rates by more than 300 percent or leave the market altogether. Thousands of physicians faced nonrenewal from their insurance companies, while others refused to provide care until the state addressed the crisis.
In May 1975, Governor Jerry Brown called a special session of the legislature. During that session, leading medical groups helped secure the passage of the Medical Injury Compensation Reform Act (MICRA), landmark legislation that has become the national model for effective and durable tort reform.
After its passage, several of MICRA’s leading proponents came together to establish a company that would continue the tradition of advocating for and protecting physicians. The Doctors Company founders recognized that an organization owned and led by physicians could focus on meeting the needs of its members rather than on answering the demands of outside stockholders. In addition, the member-owned structure meant that The Doctors Company would be uniquely aligned with physicians’ interests and in an ideal position to represent and advocate for physicians in political and legal settings.
The mission was clear: The Doctors Company would work relentlessly to advance, protect, and reward the practice of good medicine.
During the company’s inaugural year in 1976, 450 physicians subscribed as members. Today, we are the nation’s largest physician-owned medical malpractice insurer, protecting 80,000 members nationwide.
As we grow, we remain true to the principles that inspired our founders—ensuring that the doctor’s voice is heard, from the exam room, to the courtroom, to the nation’s capital.
Diversity and Inclusion
For more than 40 years, The Doctors Company has served those who provide care. It’s in our DNA. And as a company founded and led by doctors, we too pledge to do no harm.
Following the tragic deaths of George Floyd and so many others, we join those who advocate for social justice and equality. For decades, we have supported the health of our communities by standing with doctors and promoting access to care. This commitment to health also includes opposition to racism in any form.
We serve our members through a diverse, talented workforce. We treat our members and our colleagues with dignity and respect. We prohibit discrimination in any form.
The Doctors Company will work tirelessly to ensure our leadership and employees reflect those we serve around the nation, and we will continue to maintain an inclusive, respectful culture.
As a company built by doctors for doctors, we are on a mission to relentlessly defend, protect, and reward doctors who advance the practice of good medicine.
We know medicine.
We know insurance.
Good Medicine. Covered.