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Malpractice insurer Doctors Company to buy FPIC Insurance for $362 million
San Francisco Business Times

The Doctors Company, a fast-growing medical malpractice insurer based in Napa, said Tuesday it’s agreed to buy FPIC Insurance Group Inc., a similar company, for $362 million in cash. Jacksonville, Fla.-based FPIC (NASDAQ: FPIC) provides professional liability insurance to 18,000 physicians, dentists, and other health care providers in 14 states, and does most of its business in Florida, Texas, Georgia and Arkansas. The Doctors Company bills itself as the nation’s largest insurer of physician and surgeon professional liability, insuring 55,000 medical providers.