04/20/2018

TDIC receives 24th consecutive 'A' rating


The Dentists Insurance Company has announced its 24th consecutive year earning the A.M. Best Company’s “A” rating. The rating includes comparisons to peers and industry standards, as well as assessments of operating plans, philosophy and management.

“We are proud to celebrate our 24th year with an ‘excellent’ rating from the A.M. Best Company,” said TDIC Board Chair Daniel Davidson, DMD. “With TDIC’s consistent and sustainable growth, we’re ensuring a diversified premium base and financial stability for policyholders while we continue to focus solely on protecting dentists.”

TDIC continues to provide policyholders with the tools and insight necessary to keep them well-informed of risk management topics, including a Risk Management Advice Line, educational seminars and online resources.

In addition to TDIC’s rating affirmation, TDIC-acquired companies Northwest Dentists Insurance Company and Dentists Benefits Insurance Company have received upgraded ratings from the A.M. Best Company, removing their “under review with positive implications” standings and upgrading their financial strength ratings from B (fair) to B++ (good) and their long-term issuer credit ratings from “bb+” to “bbb.” The outlook assigned to these ratings is stable.

“We are pleased to be experiencing increased financial strength and stability for DBIC and NORDIC and their related rating improvements,” said William Ten Pas, DMD, a DBIC board member. “The tradition and values of TDIC mirror our own and we are thrilled to be a part of the TDIC family.” 

The ratings are based on NORDIC’s and DBIC’s relatively strong balance sheets and expertise in providing medical professional liability, commercial multi-peril and other liability coverages to dentists, primarily in Washington, Idaho and Oregon. The acquisition has provided these companies with greater stability and focus in line with TDIC’s business plan and strategic direction.

For TDIC, the acquisition provides greater geographic diversification as the company and its subsidiaries now provide coverage for more than 23,000 dentists in 15 states.

For information about The Dentists Insurance Company, visit tdicinsurance.com.



Related Items

Attendees of the 2018 Anaheim CDA Presents The Art and Science of Dentistry will have a number of opportunities to learn about employment law and how to reduce employment liability risks in their practices. Sponsored by The Dentists Insurance Company, the workshop Caution and Control — Reducing Employment Liability will be presented all three days of the May meeting.

The Dentists Insurance Company’s Risk Management Advice Line is a confidential resource designed to help guide dentists to the best course of action when dealing with potential claims from patients or employees. The advice line has helped thousands of dentists and dental professionals navigate difficult situations and establish preventive measures to stop risky situations before they start.

Topics
Top