SKP Merrill Lynch

SCPIE Holdings Inc. (NYSE:SKP), a major provider of healthcare liability insurance, today announced that its Board of Directors' nominees, Kaj Ahlmann, Elizabeth A. Murphy and Willis T. King Jr., have been elected. The votes from SCPIE Holdings Inc.'s June 22, 2006, Annual Meeting of Stockholders were certified in a final report by IVS Associates, Inc., the independent inspectors of election. Ahlmann is an independent consultant to companies in the insurance industry. Previously, he was Chairman and CEO of Inreon, a global electronic reinsurance venture; Vice Chairman and Executive Officer of E.W. Blanch Holdings, Inc.; and Chairman, President and CEO of Employers Reinsurance Corporation. Murphy recently was the Executive Vice President and Chief Financial Officer of Scottish Re Group Ltd., an NYSE-traded company, and previously was Treasurer of ACE Limited. King, an incumbent director, has served on SCPIE's Board of Directors since 1997. The independent inspectors of election also certified the passage of the proposal to ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2006. About SCPIE Holdings SCPIE Holdings Inc. is a leading provider of healthcare liability insurance for physicians, oral and maxillofacial surgeons, and other healthcare providers, as well as medical groups and healthcare facilities. Since the company was founded in 1976, it has carved out a significant niche in the insurance industry by providing innovative products and services specifically for the healthcare community.