Physician insurer merges with Calif. company
By SHANNON MORTLAND
A California firm has purchased OHIC Insurance Co., one of Ohioâ€™s largest medical malpractice insurers.
The Doctors Co. of Napa, Calif., bought the Columbus-based physician insurer for an undisclosed amount.
The Doctors Co. now insures more than 2,000 doctors and writes about $100 million in premiums in Ohio, making the state its second-largest market.
â€œBy merging the Ohio staffs of The Doctors Co. and OHIC, we are solidly in a leadership position in our commitment to the Ohio medical community,â€? said Rob Francis, chief operating officer of The Doctors Co. â€œWe will have over 70 dedicated employees serving our Ohio insureds. These individuals will assure continuation of our fierce defense of policyholders, our industry-leading patient safety efforts and our tort reform advocacy in Ohio.â€?
OHIC will maintain its Columbus headquarters and will be a subsidiary of The Doctors Co.