Exhibit 10(o)

                             SEVERANCE AGREEMENT
                                   BETWEEN
                          FPIC INSURANCE GROUP, INC.
                                     AND
                                KIM D. THORPE

      THIS AGREEMENT, effective as of the 22nd day of November, 1999, between
FPIC Insurance Group, Inc., a Florida corporation (the "Company"), and Kim D.
Thorpe, an individual (the "Executive").

                              W I T N E S E T H:

      WHEREAS, the Executive is a valuable employee of the Company and an
integral part of its management and a key participant in the decision making
process relative to planning and policy for the Company; and

      WHEREAS, the Company wishes to encourage the Executive to continue his
career and services with the Company for the period during and after an actual
or threatened Change in Control (as hereinafter defined);

      NOW THEREFORE, it is hereby agreed by and between the parties hereto as
follows:

      1.  Definitions.

            a. "Board" shall mean the Board of Directors of the Company.

            b. "Cause" shall mean the Executive's fraud or dishonesty that has
      resulted or is likely to result in material economic damage to the
      Company, or the Executive's willful nonfeasance if such nonfeasance is not
      cured within ten days of written notice from the Company, as determined in
      good faith by a vote of at least two-thirds of the non-employee directors
      of the Company at a meeting of the Board at which the Executive is
      provided an opportunity to be heard.

            c. "Change in Control"  shall mean the earlier of the following
      events:

                  (i) either (A) receipt by the Company of a report on Schedule
            13D, or an amendment to such a report, filed with the Securities and
            Exchange Commission pursuant to Section 13(d) of the Securities
            Exchange Act of 1934 (the "1934 Act"), disclosing that any person
            (as such term is used in Section 13(d) of the 1934 Act) ("Person"),
            is the beneficial owner, directly or indirectly, of twenty (20)
            percent or more of the outstanding stock of the Company, or (B)
            actual knowledge by the Company of facts on the basis of which any
            Person is required to file such a report on Schedule 13D, or to file
            an amendment to such a report, with the SEC (or would be required to
            file such a report or amendment upon the lapse of the applicable
            period of time specified in Section 13(d) of the 1934 Act)
            disclosing that such Person is the beneficial owner, directly or
            indirectly, of twenty (20) percent or more of the outstanding stock
            of the Company;

                  (ii) purchase by any Person, other than the Company or a
            wholly owned subsidiary of the Company, of shares pursuant to a
            tender or exchange offer to acquire any stock of the Company (or
            securities convertible into stock) for cash, securities or any other
            consideration provided that, after consummation of the offer, such
            Person is the beneficial owner (as defined in Rule 13d-3 under the
            1934 Act regardless of whether the Company or such Person would
            otherwise be subject to the 1934 Act), directly or indirectly, of
            twenty (20) percent or more of the outstanding stock of the Company
            (calculated as provided in paragraph (d) of Rule 13d-3 under the
            1934 Act in the case of rights to acquire stock regardless of
            whether the Company or such Person would otherwise be subject to the
            1934 Act);
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                  (iii) either (A) the filing by any Person acquiring, directly
            or indirectly, twenty percent (20%) or more of the outstanding stock
            of the Company of a statement with the Florida Department of
            Insurance pursuant to ss. 628.461 of the Florida Statutes or a
            successor statutory provision, or (B) actual knowledge by the
            Company of facts on the basis of which any Person acquiring,
            directly or indirectly, twenty percent (20%) or more of the
            outstanding stock of the Company or a controlling company is
            required to file such a statement pursuant to ss. 628.461 or a
            successor provision.

                  (iv) approval by the shareholders of the Company of (A) any
            consolidation or merger of the Company in which the Company is not
            the continuing or surviving corporation or pursuant to which shares
            of stock of the Company would be converted into cash, securities or
            other property, other than a consolidation or merger of the Company
            in which holders of its stock immediately prior to the consolidation
            or merger have substantially the same proportionate ownership of
            common stock of the surviving corporation immediately after the
            consolidation or merger as immediately before, or (B) any
            consolidation or merger in which the Company is the continuing or
            surviving corporation but in which the common shareholders of the
            Company immediately prior to the consolidation or merger do not hold
            at least a majority of the outstanding common stock of the
            continuing or surviving corporation (except where such holders of
            common stock hold at least a majority of the common stock of the
            corporation that owns all of the common stock of the Company), or
            (C) any sale, lease, exchange or other transfer (in one transaction
            or a series of related transactions) of all or substantially all the
            assets of the Company, or (D) any merger or consolidation of the
            Company where, after the merger or consolidation, one Person owns
            100% of the shares of stock of the Company (except where the holders
            of the Company's common stock immediately prior to such merger or
            consolidation own at least 90% of the outstanding stock of such
            Person immediately after such merger or consolidation); or

                  (v) a change in the majority of the members of the Board
            within a 24-month period unless the election or nomination for
            election by the Company's shareholders of each new director was
            approved by the vote of at least two-thirds of the directors then
            still in office who were in office at the beginning of the 24-month
            period.

            d.    "Code"  shall mean the  Internal  Revenue  Code of 1986,  as
      amended.

            e. "Constructive Discharge" shall mean any (i) material change by
      the Company of the Executive's position, functions, or duties to an
      inferior position, functions, or duties from that in effect on the date of
      this Agreement, (ii) assignment or reassignment by the Company of the
      Executive without the Executive's consent to another place of employment
      more than 50 miles from the Executive's current place of employment, (iii)
      liquidation, dissolution, consolidation or merger of the Company, or
      transfer of all or substantially all of its assets, other than a
      transaction or series of transactions in which the resulting or surviving
      transferee entity has, in the aggregate, a net worth at least equal to
      that of the Company immediately before such transaction and expressly
      assumes this Agreement and all obligations and undertakings of the Company
      hereunder, or (iv) reduction in the Executive's base salary or target
      bonus opportunity (if greater than the target bonus opportunity, the
      average of the annual bonuses paid to the Executive in the three calendar
      years prior to the calendar year of the Constructive Discharge).

            f. "Coverage Period" shall mean the period beginning on the Starting
      Date and ending on the Ending Date. The "Starting Date" shall be the date
      on which a Change in Control occurs. The "Ending Date" shall be the
      earlier of (i) the date on which a public announcement is made by the
      Company of its intention to abandon a Change in Control transaction, or
      (ii) the date that is 36 full calendar months following the date on which
      a Change in Control occurs, or (iii) if such Change in Control is subject
      to shareholder approval of such transaction, the date that is 36 months
      following the date on which the actual consolidation, merger or sale
      transaction occurs.

            g.    "ERISA" shall mean the Employee  Retirement  Income Security
      Act of 1974, as amended.

            h. "Independent Tax Counsel" shall mean an attorney, a certified
      public accountant with a nationally recognized accounting firm, or a
      compensation consultant with a nationally recognized actuarial and
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      benefits consulting firm, with expertise in the area of executive
      compensation tax law, who shall be selected by the Company and shall be
      reasonably acceptable to the Executive, and whose fees and disbursements
      shall be paid by the Company.

      2.    Term.

      This Agreement shall be effective as of the date of this Agreement and
shall continue thereafter until the earlier of (i) 36 full calendar months
following the date of an occurrence of a Change in Control, or (ii) the date of
the termination of the Executive's employment if such date is prior to the
Coverage Period. After a Change in Control, this Agreement shall remain in
effect until all of the obligations of the parties hereunder are satisfied.

      3.    Severance Benefit.

            a. If at any time during the Coverage Period the Executive's
employment hereunder is terminated by the Company for any reason other than
Cause, death or disability, or by the Executive in the event of a Constructive
Discharge, then the Company shall pay to the Executive (or if the Executive has
died before receiving all payments to which he has become entitled hereunder,
the estate of the Executive) severance pay in a lump sum cash amount equal to
three times the sum of Executive's (i) annual salary and (ii) target bonus
opportunity for the current calendar year (if greater than the target bonus
opportunity, the average of the annual bonuses for the three prior calendar
years). The Company shall also pay Executive any unpaid salary or benefits
accrued to the date of termination. In such event, the Executive shall be 100%
vested in all stock options, stock appreciation rights, contingent stock,
restricted stock and other long-term incentive plans. The Executive's
termination of employment with the Company to become an employee of a
corporation that owns 100% of the Company shall not be considered a termination
of employment for purposes of this Agreement. The subsequent termination of
Executive's employment from such corporation shall be considered a termination
of employment for purposes of this Agreement.

            b. The Company and the Executive, upon mutual written agreement, may
waive any of the provisions in paragraph 1(e) that would otherwise constitute a
Constructive Discharge. Pursuant to paragraph 3(a) of this Agreement, Executive
may terminate his employment in the event of a Constructive Discharge by
providing written notice to the Company within three months after the occurrence
of such event, specifying the event relied upon for a Constructive Discharge.
Within ten days of receiving such written notice from Executive, the Company may
cure the event that constitutes a Constructive Discharge.

            c. If at any time during the Coverage Period the Executive's
employment is terminated by the Company for any reason other than Cause, death
or disability or by the Executive in the event of a Constructive Discharge, and
the Executive is entitled to the benefits described under subparagraph 1(b) or
subparagraph 4(b) of his Employment Agreement dated as of November 22, 1999, and
as extended and amended thereafter, then the Executive shall be permitted to
select either the benefits (i) that he would otherwise have been entitled to
receive for the remaining term of his Employment Agreement or (ii) those
payments provided for under this Agreement. The Executive shall be permitted to
receive benefits under either the Employment Agreement or this Agreement, but
not benefits from both the Employment Agreement and this Agreement.

            d. For a period commencing with the month in which termination of
employment as described in paragraph 3(a) above shall have occurred, and ending
24 months thereafter, the Executive shall be entitled to all benefits under the
Company's welfare benefit plans (within the meaning of Section 3(1) of ERISA),
as if the Executive were still employed during such period, at the same level of
benefits and at the same dollar cost to the Executive as is available to all of
the Company's senior executives generally and if and to the extent that
equivalent benefits shall not be payable or provided under any such plan, the
Company shall pay or provide tax equivalent benefits on an individual basis. The
benefits provided in accordance with this paragraph 3(d) shall be secondary to
any comparable benefits provided by another employer.

            e. If Independent Tax Counsel shall determine that the aggregate
payments made to the Executive pursuant to this Agreement and any other payments
to the Executive from the Company that constitute "parachute payments" as
defined in Section 280G of the Code (or any successor provision thereto)
("Parachute Payments") would be subject to the excise tax imposed by Section
4999 of the Code (the "Excise Tax"), then payments

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under this Agreement shall be reduced to the maximum amount that would not
trigger such excise tax. The Executive shall be permitted to select the benefits
to be reduced.

            f. In the event of any termination of the Executive's employment
described in paragraph 3(a), the Executive shall be under no obligation to seek
other employment, and, except as provided in paragraph 3(a), there shall be no
offset against amounts due the Executive under this Agreement on account of any
remuneration attributable to any subsequent employment.

      4.    Source of Payments.

      All payments provided for in paragraph 3 above shall be paid in cash from
the general funds of the Company; provided, however, that such payments shall be
reduced by the amount of any payments made to the Executive or his dependents,
beneficiaries or estate from any trust or special or separate fund established
by the Company to assure such payments. The Company shall not be required to
establish a special or separate fund or other segregation of assets to assure
such payments, and, if the Company shall make any investments to aid it in
meeting its obligations hereunder, the Executive shall have no right, title or
interest whatever in or to any such investments except as may otherwise be
expressly provided in a separate written instrument relating to such
investments. Nothing contained in this Agreement, and no action taken pursuant
to its provisions, shall create or be construed to create a trust of any kind,
or a fiduciary relationship between the Company and the Executive or any other
person. To the extent that any person acquires a right to receive payments from
the Company pursuant to this Agreement, such right shall be no greater than the
right of an unsecured creditor of the Company.

      5.    Mediation and Arbitration.

      Any dispute or controversy arising out of or in relation to this Agreement
shall first be submitted to mediation in the City of Jacksonville, Florida in
accordance with the Commercial Mediation Rules of the American Arbitration
Association. If mediation fails to resolve such dispute or controversy, then
such dispute or controversy shall be determined and settled by arbitration in
the City of Jacksonville, Florida, in accordance with the Commercial Arbitration
Rules of the American Arbitration Association then in effect, and judgment upon
the award rendered by the arbitrator may be entered in any court of competent
jurisdiction. The parties hereto agree to use good faith efforts to select a
mediator and, if mediation fails to resolve such dispute or controversy, an
arbitrator. If the parties cannot agree upon a mediator or arbitrator, such
mediator or arbitrator shall be selected in accordance with the relevant
Commercial Rules of the American Arbitration Association then in effect. The
Company's mediation and arbitration expenses, as well as any litigation costs,
including legal counsel and reasonable experts, shall be paid by the Company.
The Executive's mediation and arbitration costs, as well as any litigation
costs, including legal counsel and reasonable experts, shall be paid by the
Company, unless the trier of fact determines the Executive's claims thereunder
are without merit. Whenever any action is required to be taken under this
Agreement within a specified period of time and the taking of such action is
materially affected by a matter submitted to mediation or arbitration, such
period shall automatically be extended by the number of days plus ten that are
taken for the determination of that matter by the parties through mediation or
otherwise by the arbitrator.

      6.    Income Tax Withholding.

      The Company may withhold from any payments made under this Agreement all
federal, state or other taxes as shall be required pursuant to any law or
governmental regulation or ruling.

      7.    Entire Understanding.

      This Agreement contains the entire understanding between the Company and
the Executive with respect to the subject matter hereof and supersedes any prior
severance agreement between the Company and the Executive, except that this
Agreement shall not affect or operate to reduce any benefit or compensation
inuring to the Executive of any kind elsewhere provided and not expressly
provided for in this Agreement, including without limitation, any benefit or
compensation provided under an executive incentive compensation program of the
Company.

      8.    Severability.

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      If, for any reason, any one or more of the provisions or part of a
provision contained in this Agreement shall be held by a court of competent
jurisdiction to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provision
or part of a provision of this Agreement not held so invalid, illegal or
unenforceable, and each other provision or part of a provision shall to the full
extent consistent with law continue in full force and effect.

      9.    Consolidation, Merger, or Sale of Assets.

            If the Company consolidates or merges into or with, or transfers all
or substantially all of its assets to, another corporation, the term "Company"
as used herein shall mean such other corporation and this Agreement shall
continue in full force and effect.

      10.   Notices.

      All notices, requests, demands and other communications required or
permitted hereunder shall be given in writing and shall be deemed to have been
duly given if hand delivered or mailed, postage prepaid, certified or
registered, first class as follows:

      a.    to the Company:

            FPIC Insurance Group, Inc.
            Attention:  Chief Executive Officer
            225 Water Street, Suite 1400
            Jacksonville, Florida  32202

      b.    to the Executive:

            Kim D. Thorpe
            c/o Raymond McCall
            9252 San Jose Boulevard
            Jacksonville, FL 32257

or to such other address as either party shall have previously specified in
writing to the other.

      11.   No Attachment.

      Except as required by law, no right to receive payments under this
Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge or hypothecation or to execution,
attachment, levy or similar process or assignment by operation of law, and any
attempt, voluntary or involuntary, to effect any such action shall be null, void
and of no effect.

      12.   Binding Agreement.

      This Agreement shall be binding upon, and shall inure to the benefit of,
the Executive and the Company and their respective permitted successors and
assigns.

      13.   Modification and Waiver.

      This Agreement may not be modified or amended except by an instrument in
writing signed by the parties hereto. No term or condition of this Agreement
shall be deemed to have been waived, nor shall there be any estoppel against the
enforcement of any provision of this Agreement except by written instrument
signed by the party charged with such waiver or estoppel. No such written waiver
shall be deemed a continuing waiver unless specifically stated therein, and each
such waiver shall operate only as to the specific term or condition waived and
shall not constitute a waiver of such term or condition for the future or as to
any act other than that specifically waived.

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      14.   Headings of No Effect.

      The paragraph headings contained in this Agreement are included solely for
convenience of reference and shall not in any way affect the meaning or
interpretation of any of the provisions of this Agreement.

      15.   Governing Law.

      This Agreement and its validity, interpretation, performance, and
enforcement shall be governed by the laws of the State of Florida without giving
effect to the choice of law provisions in effect in such State.

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first above written.

                                    FPIC INSURANCE GROUP, INC.


                                    By: ______________________________________
                                          William R. Russell
                                          President and Chief Executive Officer

                                        ______________________________________
                                          Kim D. Thorpe