Arthur J. Gallagher & Co. of Itasca, Ill., has paid a $50,000 voluntary fine in connection with its role in attempting to market medical-malpractice policies issued by an insurance company that wasn't licensed in the state. The St. Louis Metropolitan Medical Society and the Kansas City Physicians Organization both were prepared to endorse the coverage when Missouri regulators won a court order last summer to prevent the unauthorized malpractice insurance company from doing business in the state.
Posted by Editor at February 3, 2004 04:43 AM