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News and Information Article
NAPA, Calif., Feb. 3 // -- The Doctors Company, the nations
leading physician-owned medical malpractice insurance provider, is pleased to
announce that it has acquired Northwest Physicians Mutual Insurance Company
(NPM), the top medical liability carrier in Oregon. NPM has been merged into
Northwest Physicians Insurance Company (NPIC), a wholly owned subsidiary of
TDC. NPIC remains the largest medical liability carrier in Oregon.
"It is my pleasure to welcome our new insureds and employees to The
Doctors Company family," said Richard E. Anderson, M.D., F.A.C.P., chairman
and CEO of The Doctors Company. "Northwest Physicians Mutual policyholders can
be assured that they will continue to receive exemplary local service. Nothing
will change in that regard, but they can now count on receiving the unique
benefits that TDC Group brings to all of its member physicians-local knowledge
backed by national experience and enduring financial stability."
As a result of the acquisition, The Doctors Company adds 2,300 new insured
physicians and further expands its presence in Oregon and the Northwest. The
market share of the combined organization has grown to approximately 50
percent in Oregon, making the group the definitive leader in that market.
"This merger brings added value to our policyholders and reinforces our
commitment to Oregon and the Northwest. It represents a union of two companies
that have complementary cultures and a shared commitment to advancing and
protecting the medical profession. We are now in a stronger position to
continue serving our policyholders directly from our Oregon offices," said
William J. Gallagher, M.D., chairman and president of Northwest Physicians
Mutual Insurance Company.
NPIC, as a subsidiary of TDC, further enhances its capability of offering
a variety of physician-centric insurance products and services on a national
basis. The staff and management team will remain in place; operations will
continue to reside in Salem, Oregon; and day-to-day policyholder services will
be maintained without change.
About The Doctors Company
Founded by doctors for doctors in 1976 to protect the practice of good
medicine, The Doctors Company (http://www.thedoctors.com) is the nations
leading physician-owned medical malpractice insurance provider. With solid
financial strength and a unique understanding of the medical malpractice risk
environment, The Doctors Company enjoys a reputation as the industry vanguard.
About Northwest Physicians Insurance Company
Northwest Physicians Mutual Insurance Company (NPM) was founded by Oregon
physicians and has been providing quality service and insurance products to
physicians in the Northwest since 1983. Northwest Physicians Insurance Company
(NPIC) will continue the traditions of NPM enhanced by the financial strength
and expertise of The Doctors Company. NPIC insures physicians and their
associated practices in Oregon, Idaho, and Washington. The company is
committed to developing opportunities, responding to change, improving patient
safety, and growing in the dynamic health care field.
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