ProNational Insurance Co history

TDC had begun to lay the groundwork for tort reform efforts in other states as early as 1977.

MAIC Holdings acquires Missouri Medical Insurance Company (MOMEDICO), expanding westward and providing a base for operations in the Central United States MOMEDICO was a publicly-traded Missouri insurer founded by Missouri physicians in 1978.

1979: TDC expands to offer coverage in four additional western states.

ProNational, was previously known as Physicians Insurance Company of Michigan (PICOM). In 1980, Detroit physicians stepped up to create PICOM after the State of Michigan decided to return its temporary medical professional liability insurance source, the Brown-McNeely Fund, to the private sector.

Mutual Assurance purchases Physicians Insurance Company of Indiana (PICI), formed in 1982.

In 1984, The Doctors' Company Insurance Services (TDCIS) was established for the primary purpose of making agency licensure available in states where TDC offered insurance coverage other than medical malpractice policies.

The Doctors' Company ushered in a new president in 1985.

PICOM assumes the business of Associated Physicians Insurance Company (APIC), an Illinois-based, physician-led insurer founded in 1986.

NORCAL Mutual acquires Preferred Physicians Medical Risk Retention Group, a Mutual Insurance Company (PPM), an anesthesiologist founded, specialty specific insurer established in 1987.

AMIE was organized in 1988 to fill the void created when a major commercial insurer left the Indiana market.

By 1989, TDC had been authorized to offer its coverage in 37 states, and the company was well equipped to mobilize its forces for liability reform.

By 1990, TDC's Government Relations Department was exerting pressure for liability reform on both state and federal levels.

Active in Nevada since 1993 and seeking to expand westward, ProAssurance was impressed with the quality of IND’s operations and their demonstrated commitment to their physician insureds.

Mutual Assurance began serving the state’s physicians in 1994.

1995: TDC formalizes its reinsurance functions by establishing a separate strategic business unit called TDCRe.

TDC's efforts to diversify proved visionary: by 1997, over 20 percent of TDC's premium revenue was coming from niche insurance markets outside the medical malpractice arena.

TDC launched a major effort to improve its technology beginning in 1998.

TDC got a similar business opportunity in 1999 when a Florida insurer, Caduceus Self Insurance Fund, Inc., announced that it did not have sufficient funds to pay its claims.

At the end of 2000, with $500.1 million in reserves, $381.1 million in surplus, and $255 million in written premium, TDC was keeping these ratios well below regulatory standards.

Medical Assurance became ProAssurance Indemnity Company, Inc. when it merged with ProNational in 2001 to form ProAssurance.

Released in 2002, these guidelines included strong recommendations for getting informed consent from patients before using e-mail and for using only encrypted and authentication-secured messaging systems.

NORCAL Mutual acquires FD Insurance, a stock insurance company privately held by a group of Florida physicians and investors, formed in 2005.

The 2006 merger provided liquidity for PIC WISCONSIN shareholders, and PIC WISCONSIN’s former offices and staff now provide a regional office and services for ProAssurance policyholders throughout the upper Midwest and West.

Medicus was acquired by NORCAL Mutual in 2011.

In 2012 ProAssurance acquired IND and immediately became Nevada’s top medical professional liability insurer with 6,000 new insureds and a strong base of local operations.