Agreement to Purchase
:  On Monday, April 16, 2007, our parent company, Florida Doctors Holding Company, announced an agreement to purchase Florida Healthcare Providers Insurance Services Company, LLC (the attorney-in-fact for Florida Healthcare Providers Insurance Exchange). Bill Russell, CEO of Florida Doctors Insurance Company, said, "We are excited about joining the two companies together. The acquisition will enable Florida Doctors Holding Company to grow quickly and ahead of our projected business plan, while maintaining our unique doctor-friendly service orientation. Our combined resources will strengthen our position in the highly competitive Florida marketplace."