Charles Cobb and George Fisher met at Fisher & Chislom Insurance Agency in 1958 and decided to open up "Statewide Producers Substandard Placement" but later decided on "SPSP."

SPSP first opened its doors in 1959 by two partners. It soon became clear that non-standard business was to be there specialty. By focusing on the San Joaquin Valley they began to build relationships with retail agencies that would continue well into the new century. George retired 1980. Charles would continue running the business until October 2007.