Wednesday, May 11, 2005

GE Sells Off Its Medical Malpractice Unit

As reported in the Wall Street Journal:
On Friday, GE also announced it has sold its medical-malpractice group for $825 million to National Indemnity, a Berkshire Hathaway Inc. unit. The unit, Medical Protective Corp., provides professional liability coverage to physicians and dentists. GE said it expects the transaction to close in the second quarter and result in an after-tax gain of $75 million.


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