Major Rating Factors:
Fair reserve development (4.2 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2021 the two year reserve development was 27.0% deficient. Poor long-term capitalization index (1.9) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range over the last two years. Good overall profitability index (6.8). Excellent expense controls.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.7) despite weak risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with The Doctors Co an InterIns Exchange. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (85.1%), cash (8.4%), other (6.5%)
Corporate Info
Group Affiliation
The Doctors Co an InterIns Exchange
Investment Rating
--
Company Address
185 Greenwood Road
Napa, CA 94558
Napa, CA 94558
Phone Number
(707) 226-0100
NAIC Number
14347
Website
Largest Affiliates