Northwest Dentists Insurance Company (NORDIC) is pleased to announce that Dr. Princy Rekhi has been named to its board of directors. Additionally, NORDIC has announced positive news regarding its A.M. Best rating, which is an indicator of an insurer’s financial strength and creditworthiness.
Northwest Dentists Insurance Company (NORDIC) is pleased to announce that Dr. Princy Rekhi has been named to its board of directors. In addition, Rekhi, a general dentist with practices in Edmonds, Kirkland, and Renton, Wash., is serving on the board of NORDIC’s parent company, The Dentists Insurance Company.
“I’m honored to be serving my colleagues in the dental profession by working to provide NORDIC and TDIC policyholders with high-quality insurance products and protection for their practices,” said Rekhi. “It’s also an honor to be a part of the TDIC family, a company with a shared philosophy and long history dedicated to protecting dentists.”
Additionally, NORDIC has announced positive news regarding its A.M. Best rating, which is an indicator of an insurer’s financial strength and creditworthiness. Now that NORDIC is part of the TDIC family, the A.M. Best Company upgraded its financial strength rating to B++ (good) from the previous B rating, and its long-term issuer credit rating to “bbb” from “bb+.” NORDIC’s credit rating outlook also improved to stable.
A.M. Best recently affirmed TDIC’s “A” rating for the 24th consecutive year, which includes comparisons to peers and industry standards, as well as assessments of operating plans, philosophy, and management.
“We’re pleased with our rating improvements and to be experiencing improved financial strength and stability,” said NORDIC board member Dr. Richard Ferguson. “The values of TDIC mirror our own, and we are thrilled to be a part of the TDIC family.”
TDIC’s “excellent” rating from A.M. Best is a reflection of the company’s consistent and sustainable growth, diversified premium base, and financial stability for policyholders. Like NORDIC, TDIC has a singular focus to protect dentists, who are provided 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.
“Both organizations have a mutual commitment to protect dentists, a singular focus on providing policyholders exceptional products and service,” said NORDIC board member Dr. Bernard Larson. “We understand how our decisions affect the dental profession.”
NORDIC’s shared strength with TDIC means policyholders will continue to benefit from the quality insurance products, personal service, risk management resources, and dedicated expertise in handling claims that dentists have relied on throughout the years.
NORDIC joined the TDIC family last year as part of an acquisition, endorsed by WSDA, that included the purchase of DBIC, an Oregon-based insurance company, which also received upgraded ratings from A.M. Best Company. The ratings are based on NORDIC 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. It also provided TDIC with greater geographic diversification, as the company and its subsidiaries now provide coverage for more than 23,000 dentists in 15 states.
For more information about NORDIC, visit nordicins.com