A.M. Best’s ratings agency has placed the A- (Excellent) financial strength rating of New Jersey-based MIIX Group under review with negative implications following the company’s announcement that Richard Quagliaroli, the recently appointed CEO, had resigned. (See IJ Website Sept. 27).
Best’s bulletin noted the he had been “the third CEO to resign from the organization in two years,” and that its review would include all the MIIX operating entities.”The rating will remain under review pending analysis and discussions with A.M. Best and the management team of MIIX,” said the announcement.
MIIX, which writes medical malpractice coverage for health care providers, recently strengthened its reserves and adopted a new business plan.
Topics AM Best
Was this article valuable?
Here are more articles you may enjoy.
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
