Term Issuer Credit Rating of a+ (Excellent). The outlook for both ratings is stable. MICA Risk Retention Group Inc. also received a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a+ (Excellent), both with a stable outlook.
Scott Gojkovich senior vice president of insurance, effective immediately.
Advocate Risk Retention Group, Inc. (ProAd RRG) (Hunt Valley, MD), a new subsidiary of Medical Mutual Liability Insurance Society of Maryland (Med Mutual). The outlook assigned to these Credit Ratings (ratings) is stable.
established underwriting leader with more than 15 years’ experience delivering medical professional liability and risk management solutions.
healthcare consulting expertise and offerings. According to the company, the hire further strengthens the firm's ability to drive value for healthcare organizations and partner with them to navigate today's complex operating environment with action-oriented leadership.
members of MedPro Group (MedPro). These Credit Ratings (ratings) apply to The Medical Protective Company (Fort Wayne, IN) and its affiliates: Princeton Insurance Company (Princeton, NJ); PLICO, Inc. (Oklahoma City, OK); Wellfleet Insurance Company (Fort Wayne, IN); and Wellfleet New York Insurance Company (New York, NY); as well as MedPro’s two reinsured affiliates, MedPro RRG Risk Retention Group and AttPro RRG Reciprocal Risk Retention Group (both domiciled in the District of Columbia). The outlook of these ratings is stable.
now distributed more than $200 million in Tribute Plan awards to more than 15,000 members. Founded in 2007, the Tribute Plan is a financial benefit that rewards retiring healthcare professionals for their loyalty and dedication to superior patient care. According to the company, it is the largest such benefit in the industry, with the highest individual award to date exceeding $260,000.“The Tribute Plan is a powerful reflection of our mission to advance, protect, and reward the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company and TDC Group. “It represents our long-term commitment to our members—and to the practice of medicine itself.”
Backed by the company’s financial strength of $7.8 billion in assets and $3.1 billion in member surplus, the Tribute Plan has received continuous annual funding since its launch. The Doctors Company funds Tribute from its own capital — not premiums — and Tribute payments are in addition to the company’s ongoing dividend program.