SCPIE Holdings, Inc

SCPIE Holdings, Inc. was an American holding company whose subsidiaries specialized in physician liability insurance. It was based in Los Angeles, California, and was listed on the New York Stock Exchange under the stock symbol SKP until its acquisition by The Doctors Company in 2008.

History

The precursor to SCPIE Holdings, Inc., was Southern California Physician Insurance Exchange (SCPIE), which was founded in 1976 in the wake of extraordinary malpractice insurance premium hikes in California. SCPIE Holdings, Inc., was organized in 1997 and served as a parent company to various subsidiaries, including SCPIE.

Services

Through its subsidiaries, SCPIE Holdings, Inc., primarily provided medical malpractice insurance and related products in California and Delaware. The company underwrote physician and medical group professional liability, healthcare provider and facility liability, and ancillary liability products for physicians, physician medical groups and clinics, managed care organizations, and other providers in the healthcare industry.

With over 10,000 policyholders, SCPIE Holdings, Inc., was one of the leading carriers of professional liability insurance in California.

Merger

In March 2008, SCPIE shareholders agreed to sell the company to The Doctors Company.^[1]

References

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