October 1, 2024 by matray

AM Best has affirmed The Doctors Company's financial strength rating (FSR) of A (Excellent) and its long-term issuer credit rating (ICR) of "a+". The outlook of these ratings is stable.

The FSR of A (Excellent) and the long-term ICR of "a+" (Excellent) have been affirmed for the following:

• The Doctors Company, an Interinsurance Exchange


• TDC National Assurance Company


• TDC Specialty Insurance Company


• TDC Special Risks Insurance Company


• The Doctors Company Risk Retention Group, a Reciprocal Exchange

Additionally, AM Best has upgraded the long-term ICR of Hospitals Insurance Company (HIC) to "a+" (Excellent) from "a" (Excellent) and affirmed its FSR of "A" (Excellent). HIC is a subsidiary of The Doctors Company.

The FSR of A is assigned only to select companies with excellent ability to meet ongoing insurance obligations. The "a+" ICR is assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.

"These ratings from AM Best reflect the strength and stability of our company and reinforce our vision to build the preeminent organization for service to healthcare," said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group. "Our financial strength allows us to help healthcare professionals meet the challenges of a constantly shifting landscape and better serve our members."

October 1, 2024 by matray

LAMMICO announced a new strategic partnership with the Mississippi Hospital Association (MHA) as its endorsed medical professional liability carrier. The MHA is the statewide agency for healthcare representation and service to all hospitals and healthcare networks, as well as the patients and communities they serve. MHA is comprised of more than 100 hospitals, healthcare systems, networks, care providers and a pool of over 50,000 employees.

“The LAMMICO team is excited to enter this partnership and earn this endorsement from MHA,” said J. Michael Conerly, MD, LAMMICO president and chief executive. “With our experience in providing medical professional liability insurance for hospitals and other healthcare facilities in the South, this is a wonderful opportunity for us to work with those that provide care to the citizens of Mississippi. We look forward to upholding our purpose, ‘we protect those who care for others.’”

“LAMMICO’s commitment to patient safety and improving quality outcomes aligns with MHA’s mission and will greatly benefit hospitals and their patients. We look forward to introducing this new partner to our communities and we are pleased to welcome LAMMICO to the MHA family”, said Richard Roberson, Mississippi Hospital Association president and chief executive.