American Independence Corp. Rings Closing Bell at NASDAQ
August 08 2008 - 3:29PM
Business Wire
American Independence Corp. (NASDAQ: AMIC) presided over the
closing bell at the NASDAQ stock market August 6, marking the
company�s expansion into individual health insurance. �Through the
acquisition of Independent Producers of America, LLC (IPA), we are
now positioned for rapid expansion in the growing market for health
plans for individuals and families. At IPA, we are committed to
making health coverage available to Americans who are currently
uninsured,� said Roy T.K. Thung, chief executive officer and
president of AMIC. �At AMIC, we are striving to become an innovator
in providing affordable health insurance solutions. NASDAQ is
already recognized as one of the most innovative companies in the
world, which makes this the perfect venue for us to welcome a new
member to the AMIC family,� said Thung. He also thanked IPA
leadership and AMIC�s loyal shareholders. Information about the
NASDAQ closing bell ceremony and a high-resolution photograph of
the AMIC event is available at
http://www.nasdaq.com/reference/200808/market_close_080608.stm
About American Independence Corp. (AMIC) AMIC, through Independence
American Insurance Company and its other subsidiaries, offers
health insurance solutions to individuals and employer groups. AMIC
provides to the individual and self-employed markets health
insurance and related products, which are distributed through its
subsidiaries, Independent Producers of America, LLC and
healthinsurance.org, LLC. AMIC markets medical stop-loss, small
group major medical, and managed care insurance and reinsurance
through managing general underwriters, including IndependenceCare
Holdings LLC, Marlton Risk Group LLC and Risk Assessment
Strategies, Inc. About Independent Producers of America (IPA) IPA
provides quality health insurance products that are specifically
tailored to meet the benefit and budget needs of middle-income
America. Products include HSA-qualified high-deductible health
plans, major medical insurance, simplified medical issue plans,
short-term medical and additional health, life and critical illness
products that meet nearly every price point. About the IHC Group
The IHC Group is an insurance organization composed of Independence
Holding Company (NYSE: IHC) and it�s operating subsidiaries,
(Standard Security Life Insurance Company of New York and Madison
National Life Insurance Company, Inc.), its affiliate (American
Independence Corp. (NASDAQ: AMIC), and its managing general
underwriters, third-party administrators, and marketing affiliates.
Forward-Looking Statements Certain statements and materials
contained in this news release may be considered "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, such as statements relating to IHC's and AMIC's
views with respect to future events and financial performance. Such
forward-looking statements are subject to risks, uncertainties and
other factors that could cause actual results to differ materially
from historical experience or from future results expressed or
implied by such forward-looking statements. Potential risks and
uncertainties include, but are not limited to, economic conditions
in the markets in which IHC and AMIC operate, new federal or state
governmental regulation, and other factors which can be found in
IHC's and AMIC's other news releases and filings with the
Securities and Exchange Commission.
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