SCPIE Holdings, Inc
Encyclopedia
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.
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
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
whose subsidiaries specialized in physician liability insurance. It was based in Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, and was listed on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under the stock symbol SKP until its acquisition by The Doctors Company
The Doctors Company
The Doctors Company is a medical malpractice insurance company headquartered in Napa, California, USA.-Description:The Doctors Company claims to be the largest insurer of physician and surgeon medical liability in the U.S., with nearly 55,000 members nationwide, over $3 billion in assets, and more...
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 CaliforniaCalifornia
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
and Delaware
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...
. 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
Professional liability insurance
Professional liability insurance , also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending...
in California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
.