DBIC and NORDIC Receive Final Approval to Merge with The Dentists Insurance Company
January 03, 2019
Merger with parent company will provide increased financial strength, stability and security for over 24,000 policyholders
Dentists Benefits Insurance Company (DBIC) and Northwest Dentists Insurance Company (NORDIC), acquired by The Dentists Insurance Company (TDIC) in February 2017, merged with, and into, their parent company, TDIC, effective Jan. 1, 2019, after final regulatory approval. The merger was approved by the California Department of Insurance (DOI), the Oregon Division of Financial Regulation (DFR) and the Washington State Office of the Insurance Commissioner (OIC).
As a result of the merger, DBIC and NORDIC are now united as one company operating as The Dentists Insurance Company. The name and logo have changed and policyholders can expect a smooth transition with no disruption to the service they have come to trust and rely upon.
"The merger gives policyholders peace of mind, knowing that TDIC has a single vision to only protect dentists," said TDIC Board Chair Daniel Davidson, DMD. "For nearly 40 years, TDIC has provided exceptional service and high-quality products to our policyholders and we will continue this legacy with the merging of DBIC and NORDIC."
TDIC focuses exclusively on supporting the dental profession by offering a comprehensive suite of professional insurance products to more than 24,000 dentists in 15 states. With this merger, TDIC now extends its exceptional legacy, brand values, financial strength and stability to over 5,000 additional policyholders in five states.
In addition to providing DBIC and NORDIC policyholders with the service and support they have come to expect, TDIC has been rated A (Excellent) by AM. Best for 24 consecutive years.