Florida Doctors Insurance Co. and Physicians Preferred Insurance Co. have signed definitive agreements for a purchase and plan of merger that, if approved, would make the new company the fourth largest writer of medical malpractice insurance in Florida. The proposed merger will not affect the insurance coverages now in place for either company's policyholders.
Under the plan, Florida Doctors will purchase the stock of Physicians Preferred shareholders and Physicians Preferred Insurance Management in an all cash transaction.The deal requires the approval of the shareholders of Physicians Preferred and the Florida OIR.
