EXHIBIT 99

           FPIC INSURANCE GROUP, INC. ANNOUNCES ORGANIZATIONAL CHANGES

JACKSONVILLE,  FLORIDA AUGUST 23, 1999; FPIC Insurance Group, Inc. (NASDAQ-FPIC)
announced  today the departure  this past weekend of Robert B. Finch,  Executive
Vice President and Chief Financial Officer of the Company,  and Steven R. Smith,
President and Chief Executive Officer of the Company's wholly-owned  subsidiary,
Florida Physicians Insurance Company, Inc.

Dr.  Robert  O.  Baratta,  the  recently  elected  Chairman  of the Board of the
Company,  said, "While we very much appreciate the many  contributions Mr. Finch
and Mr. Smith have made over the years,  the Board of Directors felt the Company
could benefit from changes at this time in its senior management structure."

The Company  will record a one time  charge to earnings of  approximately  $1.75
million during the 3rd quarter of 1999 as a result of severance benefits payable
over the next 28  months to Mr.  Finch  and Mr.  Smith  under  their  employment
contracts.

The Company also announced that William R. Russell,  the Company's President and
Chief Executive Officer, would also act as President and Chief Executive Officer
of Florida Physicians  Insurance  Company, a post he held previously,  pending a
search for a permanent  replacement.  In  addition,  David  Rader,  who had been
President of Florida Physicians until 1990, has been retained as a consultant to
assist Mr. Russell in the management of Florida Physicians.

The Company named Steven Coniglio as its acting Chief Financial  Officer pending
a search  for a  permanent  replacement.  Mr.  Coniglio  is the Chief  Financial
Officer of Administrators  for the Professions,  Inc., the Company's  subsidiary
that acts as manager  of  Physicians  Reciprocal  Insurers,  New  York's  second
largest medical professional liability insurer.

FPIC  Insurance  Group,  Inc.  and its  affiliates  have  developed a variety of
insurance products for participants in the healthcare  industry.  These products
include:  medical  professional  liability insurance for medical  professionals;
managed  care  liability  insurance;   professional  and  comprehensive  general
liability  insurance for health care facilities;  Medicare and Medicaid fund and
abuse defense coverage's;  AHCA/OSHA insurance coverage;  provider stop loss and
third-party  administration  services. The web address for FPIC Insurance Group,
Inc. is <http://www.FPIC.com>.
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Contact:

FPIC Insurance Group, Inc., Jacksonville
William R.  Russell, President and CEO
or
John R.  Byers, General Counsel and COO
904/354-5910

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