MIIX GROUP
The MIIX Group, Incorporated was until September 28, 2004, the parent company of a group of medical malpractice insurance and insurance-related subsidiaries. As a result of net losses reported in 2000 and 2001, the insurance subsidiaries ceased writing new or renewal business in all states by September 1, 2002. By December 31, 2003, all insurance policies written by the Company had expired. Since ceasing to write new insurance policies in 2002, the Company's business has consisted principally of... managing the runoff of existing claims, the Company's investment portfolio, and the operations of a New Jersey insurance company, MIIX Advantage Insurance Company of New Jersey, which was renamed MDAdvantage Insurance Company of New Jersey (MDAdvantage). Lawrenceville Re, Ltd. (Lawrenceville Re) is the sole remaining operating asset of the Company, and it has minimal activity. The Company has received one indication of interest from MDAdvantage to acquire certain assets of the Underwriter.
MIIX GROUP
Industry:
Financial Services Insurance
Founded:
1997-01-01
Address:
Lawrenceville, New Jersey, United States
Country:
United States
Status:
Active
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