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Article: Florida problem hurts American Medical
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- July 26, 2002
- Author:
CopyrightCopyright 2002 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Florida problem hurts American Medical
License suspension sends stock down 19% despite good earnings
report
By JOE MANNING of the Journal Sentinel staff
Friday, July 26, 2002
News of an unfavorable regulatory insurance ruling in Florida sent
shares of Green Bay-based American Medical Security Group tumbling
Thursday by more than 19%, closing down $3.07 at $13.05.
Volume was 469,300, more than three times the daily average volume
of 132,818.
In a second-quarter financials conference call Thursday afternoon,
Samuel V. Miller, chairman and chief executive officer, said the
health insurer filed for an immediate stay of Florida Treasurer and
Insurance Commissioner Tom Gallagher's one-year ...