Med Mal Exec Retiring Amid Controversy

NU Online News Service, Dec. 3, 10:59 a.m.EDT

Mr. Cheeseman was recently the target of harsh criticism frominvestors after the East Lansing, Mich.-based firm reportedfinancial losses and reserve additions. (See NU, Dec. 1,page 12.) In the third quarter, the insurer lost $77.1 million,which included a $43 million reserve increase.[@@]

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