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The Doctors Company Archives - Diederich Healthcare

New Admitted Carrier Offering Malpractice Insurance Coverage in New York

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The Doctors Company (TDC), the largest physician-owned malpractice insurance carrier, was approved to start offering coverage on an admitted basis to New York physicians and healthcare providers. This is an encouraging development for New York physicians, who traditionally have had only a few admitted carriers available in the state to choose from. Because of the lack of admitted options, recently many New York physicians and practices have considered coverage with Risk Retention Groups (RRG). This…

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Keeping the Physician Practice Independent: Challenges and solutions under the Affordable Care Act

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Remaining independent and complying with the Affordable Care Act (signed into law in March of 2012), is difficult while possible for independent and small group practices.  However, given the difficulties, a large percentage of currently practicing physicians and medical practices have moved to an employee arrangement.  Further, approximately 75% of new graduates intend to be employees of a large system over the next five years.  The current independent practices and small group practices have good…

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Changing Practice Models & The Affordable Care Act

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Undoubtedly, one of the largest issues facing physicians today is the Patient Protection and Affordable Care Act, otherwise known as the ACA. The bill, which was passed on March 23rd, 2010, outlined comprehensive health care reform initiatives that will eventually change the landscape of physician practice as we currently know it. Although opinions on the Act and what it means for health care delivery are highly divided, one thing is for certain – the changes…

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Alabama Medical Malpractice Market Update

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Multiple events in 2011 have continued to lower medical malpractice premiums in Alabama. Carrier competition has created an Alabama marketplace where the physicians can benefit from lower costs of professional liability coverage. The following changes contributed to the rate decreases many physicians are now seeing in their practices: Medicus Insurance Company enters Alabama Norcal Mutual acquires Medicus Insurance Company The Doctors Company acquires FPIC group Medicus Insurance Company receives “A” rating from A.M. Best A.M….

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Florida Medical Malpractice Insurance Market Update

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Multiple events in 2011 have continued to lower Florida Medical Malpractice premiums. Carrier competition has created a Florida marketplace where the physicians can benefit from lower costs of professional liability coverage.  The following changes contributed to the rate decreases many physicians are now seeing in their practices: Medicus Insurance Company enters Florida Norcal Mutual acquires Medicus Insurance Company The Doctors Company acquires FPIC group Crum and Forster acquires Valiant Insurance Company Medicus Insurance Company receives…

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Georgia Medical Malpractice Insurance Market Update

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Georgia medical malpractice insurance premiums have been lowered due to multiple events that took place in 2011. Medical malpractice insurance carrier competition has created a Georgia marketplace where the physicians can benefit from lower costs of professional liability insurance coverage.  The following changes contributed to the rate decreases many physicians are now seeing in their practices: Medicus Insurance Company enters Georgia Mag Mutual announces $16.5 million dividend Norcal Mutual acquires Medicus Insurance Company The Doctors Company…

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