MIIX Advantage Insurance Co. of New Jersey, the reincarnated MIIX Group, received final approval from state insurance regulators to provide medical malpractice insurance. Founded by the Medical Society of New Jersey in 1997, the MIIX Group was the state's largest malpractice insurer until it set in motion a plan to shut down the publicly traded company and reconstitute as a reciprocal insurance firm -- much like a mutual -- in which policyholders are also owners. MIIX Advantage has not disclosed how many doctors have signed up for policies. Citing industry insiders, the New Jersey Hospital Association said MIIX Advantage will insure 2,000 of the 7,000 doctors covered by its predecessor. -- by Cinda Becker
N.J. malpractice insurer re-emerges in new form
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