#United States #California #Southern California #Wildfires #Doctors Company

The Doctors Company Provides Emergency Support for Wildfire-Affected Members

In light of the devastating Southern California wildfires, The Doctors Company has stepped in to offer vital support to its members whose medical practices have been disrupted. Starting from January 7, 2025, the company has put a 90-day pause on policy cancellations for nonpayment, allowing affected members the time they need to recover from these unprecedented natural disasters.

This initiative reflects the company's commitment to its members, especially those operating in the most affected areas. The grace period will extend until April 7, 2025, and is meant to alleviate financial pressures for healthcare providers who have faced challenges due to these overwhelming events.

According to Deepika Srivastava, Chief Operating Officer of The Doctors Company, “The Southern California wildfires are devastating. We are dedicated to assisting the state of California, our employees, and our members during this tragic time.” The company is also prepared to work closely with its underwriters to evaluate the damages and situations of its members and offer tailored support as necessitated.

This decision is crucial, especially for healthcare professionals who are essential in providing care during emergencies. The deferment of cancellations comes interest-free, meaning that these practitioners can direct their efforts towards patient care and rebuilding their practices rather than worrying about insurance policies. Members are encouraged to contact their agents or member services at (800) 421-2368 for further clarity on how these adjustments apply to their specific situations.

The support does not end with insurance policy adjustments. The Doctors Company is also actively engaging with its staff, promoting volunteerism and financial contributions to assist victims through recognized nonprofit organizations. During such difficult times, community support becomes a significant pillar for recovery.

Stephen Freedman, Senior Vice President and Regional Operating Officer for Region I, which includes California, echoed the sentiment of urgency and community responsibility, stating, “Tragically, the wildfires have destroyed structures and displaced thousands. We remain committed to supporting our communities, physician members, colleagues, and partners through this devastation.”

This announcement also highlights the ongoing impact that natural disasters have on healthcare systems, especially in densely populated areas. As the aftermath of the wildfires continues to unfold, The Doctors Company stands ready to adapt its policies and services to best serve its members and their patients.

Affected Areas

The grace period applies specifically to California members located in numerous ZIP codes, including but not limited to 90049, 90265, 90272, and others, with the potential for further additions as damage assessments progress.

About The Doctors Company

Founded and led by physicians, The Doctors Company is the largest physician-owned medical malpractice insurer in the United States. Hard at work to bolster the practice of good medicine, their mission encompasses providing expert guidance and tailored resources equipped to navigate today’s complex healthcare environment. Not only are they instrumental in supporting individual physicians, but they also serve large healthcare organizations, collectively assisting over 110,000 healthcare professionals nationwide.

As part of TDC Group, The Doctors Company also emphasizes a commitment to risk management solutions, ensuring that both individual practitioners and large systems are well-supported with a substantial backing of over $7.3 billion in assets. The company continually seeks to advance, protect, and reward the healthcare profession, reinforcing its mission through adaptive responses to crises such as the recent wildfires.

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