Medical liability insurer The Doctors Co. has completed its previously-announced acquisition of FPIC Insurance Group Inc., a major provider of health care liability insurance in Florida, Texas, Georgia and Arkansas.
FPIC Insurance Group includes First Professionals Insurance Co., Inc.; Advocate, MD; Intermed; and Anesthesiologists Professional Assurance Co.
With the completion of the merger and the addition of 18,000 insureds, The Doctors Co. said it solidifies its position as the nation’s largest insurer of physician and surgeon medical liability, with 71,000 member physicians.
“Combining our two physician-founded companies strengthens our ability to defend, protect, and reward the practice of good medicine,” said Richard E. Anderson, chairman and CEO of The Doctors Co.
FPIC will function as a wholly owned subsidiary of The Doctors Co., and its operations are being integrated with the company’s existing operations. The company will maintain FPIC’s offices, including its Jacksonville, Florida headquarters, and Advocate, MD’s office in Austin, Texas.