MIIX Group, Inc., New Jersey’s troubled medical professional liability insurance provider, announced that it has engaged Fox-Pitt, Kelton Inc. as its financial advisor “to explore strategic alternatives for the company.”
After reporting a $162.8 million loss in the 4th quarter (See IJ Website March 1), and having S&P lower the ratings on its Lawrenceville unit to ‘Bpi’ (See IJ Website March 15), MIIX is seeking solutions to its financial problems.
Was this article valuable?
Here are more articles you may enjoy.
NCCI Identifies ‘Big 3′ Workers’ Comp Issues to Watch 
CSU Research Team Increases Atlantic Hurricane Forecast 
Florida Governor Names Insurance Defense Lawyer to Appeals Court 
Marsh McLennan Agency to Acquire The Horton Group 
