The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Alabama-headquartered ProAssurance is a specialty insurer with expertise in medical liability, products liability for medical technology and life sciences, …
Social inflation accounts for 8% to 11% of all medical malpractice losses for carriers that insure physicians, according to an actuarial analysis commissioned by The Doctors Co. TDC hired Moore Actuarial Consulting to estimate how much insurers’ average losses are …
The Doctors Co., based in Napa, Calif., has named Marco Spadacenta senior vice president of claims. Spadacenta oversees the claims function nationally of the admitted medical professional liability unit, reporting to Robert White, executive vice president of the unit. Spadacenta …
The Doctors Co. has promoted Marco Vanderlaan to chief financial officer and chief risk officer. Vanderlaan succeeds David Preimesberger, who assumes new roles as senior vice president for strategic planning and chief ethics officer. Vanderlaan has held a variety of …
Michigan State University has filed suit against 13 insurance carriers over coverage of sexual assault claims by victims of now-imprisoned former sports doctor Larry Nassar. The lawsuit against the insurers was filed July 26 in Ingham County Circuit Court. Michigan …
Napa, Calif.-based The Doctors Co. has named Kerin Torpey Bashaw senior vice president of patient safety and risk management. Bashaw reports to Bill Fleming, chief operating officer. Bashaw has more than 20 years of experience. She has held a variety …
Napa, Calif.-based The Doctors Co. has named Crystal R. Brown senior vice president of underwriting. Brown leads the company’s underwriting operations nationally, reporting directly to Bill Fleming, chief operating officer. Brown has more than 25 years of underwriting experience. She …
In its recent ruling that the cap on noneconomic damages for personal injury awards or settlements in medical negligence cases was unconstitutional, the Florida Supreme Court ignored why these caps were put into place—to ensure patients’ access to care and …
The Florida Office of Insurance Regulation (OIR) has dropped its Order for The Doctors Co. (TDC) to lower its filed rates by 15 percent. The rates proposed by the medical malpractice insurer back in Dec. 2014 will remain the same …
An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set for Oct. 7, 2015, …
