Our Story: Founded by Doctors for Doctors
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 84,000 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
TDC Group prioritizes attracting and retaining talent to ensure we have a quality workforce now and in the future—one that mirrors the diversity of the healthcare profession we serve. Just as diversifying our financial portfolio makes us stronger, promoting a corporate culture of diversity, equity, and inclusion makes TDC Group stronger and helps us provide exceptional service and innovative solutions.
TDC Group focuses on:
- Recruiting and maximizing our diversity outreach.
- Offering consistent employee development and advancement opportunities.
- Conducting gender pay equity studies and Annual Diversity & Inclusion training.
- Employee retention and attrition.
- Annual succession planning with a focus on diversity, equity, and inclusion.
- Great Place to Work culture assessment.
In 2020, Medical Advantage established a Diversity and Inclusion focus group. The group meets quarterly to track progress, define goals for the year, discuss any workplace issues, and ensure that the company’s core values align with DEI.
TDCSU performs an annual cultural assessment and employee satisfaction survey, as well as utilizing a women-owned recruiting firm, risk management firm, and office furniture supplier.
As of December 2021, 69 percent of TDC Group employees were women, and 56 percent of management roles were held by women.
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.