Breaking Finance News

BREAKING- American Independence Halted- News Pending (AMIC)

American Independence Corp. (NASDAQ: AMIC) is halted with news pending. The $67 million insurance company trades an average of about 2,000 shares and is up about 64 percent in the past year.

Company Profile

American Independence Corp., through its subsidiaries, engages in the health insurance and reinsurance businesses in the United States. It provides specialized health coverage and related services to commercial customers and individuals. The company underwrites various insurance products, such as medical stop-loss insurance for self-insured employer groups; major medical plans for individuals and families; and group major medical, short-term medical, limited medical, pet, supplemental medical, vision, and dental insurance products. The company also writes fully insured health and short-term statutory disability, and long-term disability insurance. American Independence Corp. offers its products and services through independent managing general underwriters, independent brokers, producers, and agents. The company was founded in 1956 and is based in New York, New York.

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[stock-tools exchange="NASDAQ" symbol="AMIC" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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