NAPA, Calif., Sept. 28, 2017 /PRNewswire/ -- The Doctors Company, the nation's largest physician-owned medical malpractice insurer, announced that it is now offering coverage on an admitted basis to New York healthcare providers. The New York Department of Financial Services' recent approval of the company's manual rate and secondary filings officially confirmed the company's expanded presence.
The Doctors Company is one of the only medical malpractice insurers in New York that is:
- Physician owned.
- National in scope.
- Rated A for financial strength as an admitted carrier by both A.M. Best Company and Fitch Ratings.
The Doctors Company also offers a wide variety of benefits to New York members. These include risk management courses required by the state for physicians to maintain Section 18 excess eligibility, excess and primary coverage through a single carrier, coverage for both physicians and ancillary healthcare providers, and professional and management liability policies for a variety of organizations and healthcare professionals—including medical and long-term care facilities, managed care organizations, and life sciences—through its specialty lines subsidiary, TDC Specialty Underwriters. Additionally, New York medical groups can also be issued coverage through The Doctors Company Risk Retention Group (RRG).
Eligible New York members of The Doctors Company will also participate in the Tribute® Plan, which rewards doctors for their loyalty and commitment to superior patient care, and the company's dividend program—which has paid out nearly $400 million since 1976.
"We are excited to bring our mission to advance, protect, and reward the practice of good medicine to an even greater number of healthcare providers in New York," said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. "In today's changing healthcare environment, we are dedicated to helping physicians and practices anticipate issues and to being a strong, proactive partner for those delivering care. We are honored to support the medical profession in this great state."
The Doctors Company's newest New York member is Melville-based North American Partners in Anesthesia (NAPA).
"We are proud to partner with The Doctors Company as we advocate for our New York clinicians and their patients," said Dale Anderson, MD, managing partner for the New York practice of NAPA. "Our NAPA colleagues in other parts of the nation have already benefited from The Doctors Company's dedicated support and education—those of us in New York are thrilled to follow this path with them. The Doctors Company's tireless commitment to the practice of quality, patient-centric medicine is the right focus for all of us as healthcare continues to evolve toward safer care and healthier communities."
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; is rated A by A.M. Best Company and Fitch Ratings; and is endorsed or sponsored by many of the nation's most prestigious medical organizations. 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+.
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SOURCE The Doctors Company