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Article: Wisconsin insurance company fights to stop takeover attempt.
- Article from:
- Life Science Weekly
- Article date:
- November 9, 2004
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2004 NOV 9 - (NewsRx.com & NewsRx.net) -- Physicians Insurance Company of Wisconsin (PIC Wisconsin) announced that it will oppose an out-of-state company's efforts to purchase a controlling interest in PIC Wisconsin.
PIC Wisconsin said the hostile takeover, if successful, could increase the cost of medical malpractice insurance and hurt Wisconsin's currently stable medical malpractice insurance market.
In a filing with the Office of the Commissioner of Insurance (OCI), PIC Wisconsin indicated the proposed acquisition by American Physicians Assurance Corporation (APAC) of Michigan is contrary to the interests of Wisconsin physicians, will destabilize the ...