icians ’ ▁Def ense ▁Company . ▁ ▁In ▁ 1 9 0 7 , ▁By ron ▁H . ▁Som ers ▁and ▁Charles ▁M . ▁Nie zer ▁left ▁the ▁Phys icians ▁Def ense ▁Company ▁and ▁founded ▁The ▁Medical ▁Prote ct ive ▁Company ▁and ▁in ▁ 1 9 1 3 , ▁Medical ▁Prote ct ive ▁acquired ▁Phys icians ▁Def ense ▁Company . ▁ ▁By ron ▁Som ers ▁and ▁by ▁his ▁descend ants ▁ran ▁Medical ▁Prote ct ive ▁until ▁ 1 9 9 8 ▁when ▁General ▁Electric ▁purchased ▁the ▁company . ▁In ▁ 2 0 0 5 , ▁Warren ▁Buff ett ' s ▁Ber k shire ▁H ath away ▁purchased ▁the ▁company ▁for ▁$ 8 2 5 ▁million . ▁ ▁It ▁has ▁annual ▁prem iums ▁over ▁$ 7 0 0 ▁million ▁and ▁stat ut ory ▁assets ▁over ▁$ 2 ▁billion . ▁Its ▁products ▁are ▁under written ▁by ▁the ▁Medical ▁Prote ct ive ▁Company ▁and ▁are ▁distributed ▁through ▁a ▁network ▁of ▁employee ▁market ▁man agers ▁and ▁appointed ▁agents . ▁ ▁Company ▁headquarters ▁is ▁located ▁in ▁Fort ▁Wayne , ▁Indiana . ▁ ▁History ▁▁ 1 8 9 9 ▁- ▁Rec ogn izing ▁that ▁health care ▁prov iders ▁are ▁increasing ly ▁being ▁su ed , ▁Dr . ▁Al phe us ▁P . ▁Buch man ▁and ▁others ▁create ▁Phys icians ' ▁Gu arante e ▁Company ▁( P GC ) ▁to ▁provide ▁pre - pa id ▁legal ▁defense ▁coverage . ▁▁ 1 9 0 2 ▁- ▁P GC ▁changes ▁its ▁name ▁to ▁Phys icians ' ▁Def ense ▁Company ▁( P DC