FPIC Insurance Group, Inc. Shareholders Approve Acquisition by The Doctors Company

FPIC Insurance Group FPIC today announced that FPIC's shareholders have approved the acquisition of FPIC by The Doctors Company pursuant to the merger agreement dated May 23, 2011. At the special meeting of FPIC's shareholders held today, the merger agreement was approved by 99.10% of the shares voted. Shareholders holding 72.82% of the outstanding shares were present at the meeting in person or by proxy. John R. Byers, President and Chief Executive Officer of FPIC, stated, “We are pleased by this overwhelming support and approval of the acquisition by our shareholders. In addition to delivering significant value to our shareholders, this transaction will place our organization with one of the largest and most respected medical professional liability insurance organizations in the nation, which will benefit our policyholders, our organization as a whole and the Florida medical professional liability insurance market.”