American Physicians Capital, Inc., (AP Capital) is an insurance holding company that writes medical professional liability insurance through its primary subsidiary American Physicians Assurance Corporation (American Physicians). The Company underwrites medical professional liability coverage for physicians, their corporations, medical groups, clinics and ancillary healthcare providers. Medical professional liability insurance protects physicians and other health care providers against liabilities arising from the rendering of, or failure to render, professional medical services. The Company offers claims-made coverage in all states, in which the Company write business, with the exception of New Mexico, and occurrence policies in a limited number of states.