SCPIE Holdings, Inc

SCPIE Holdings, Inc is an American holding company whose subsidiaries specialize in physician liability insurance. It is based in Los Angeles, California and is listed in New York Stock Exchange under the stock symbol SKP.

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 serves as a parent company to various subsidiaries, including SCPIE.

ervices

Through its subsidiaries, SCPIE Holdings, Inc. primarily provides medical malpractice insurance and related products in California and Delaware. The company underwrites 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.

Today

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

Merger Plans

In March 2008, SCPIE shareholders agreed to sell the company to Doctors Co. [Companies, Best's Review, June 2008 p.102]

References