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Taking SCPIE's 2007 direct premiums written of $131 million and Doctors' 2007 DPW of $564 million they would have generated approximately $695 million in DPW in 2007, according to A.M.
On June 30, SCPIE delisted from the New York Stock Exchange and became a wholly owned subsidiary of Doctors.
In California, however, where the company now represents 19,000 physicians--8,000 arriving in the SCPIE deal--Doctors holds a 33% market share, according to 2007 A.M.
SCPIE policyholders will be eligible for the full benefits of Doctors Company membership at their time of renewal, the company said.
While celebrating the SCPIE deal, Doctors' Chief Operating Officer Robert D.
Outside of acquisitions, outside of SCPIE, it will probably be flat next year," Francis said.
According to certified results from the March 26 shareholder meeting, SCPIE stockholders voted about 5.9 million shares, or 61.9%, in favor of the merger, out of approximately 9.6 million outstanding shares eligible to be voted, the company said.
While SCPIE doesn't have specific policy exclusions or endorsements for its insureds who use online communication, the company prefers not to insure practices whose essence consists strictly of online medicine, Worsley said.
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