Capson Corp

Capson Physicians Insurance Company (CPIC), based in Austin, TX, was placed into liquidation on June 28, 2019, at the request of the Texas Department of Insurance to safeguard policyholders due to the company's insolvency. Following this court order, all insurance policies issued by CPIC were canceled, and a Special Deputy Receiver was appointed to oversee the liquidation process and manage the remaining assets for the benefit of creditors and claimants.

The liquidation of CPIC is a regulated process under the Texas Insurance Code, designed to protect the interests of policyholders and ensure an orderly distribution of the company's remaining assets. As a result, affected parties are encouraged to seek new insurance coverage promptly, as CPIC policies can no longer be renewed or extended.

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