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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Keith J who wrote (9068)	3/26/1998 6:27:00 PM
From: Harry Larson	Respond to of 13594

Called our insurance guy. He reports that Provident's health insurance unit is unrated by AM Best and has a BB (vulnerable) Claims-Paying Ability rating by S&P -- and that was before today's announcement of FY97 debacle that pummeled the stock 20% to $5.25. BB -- Financial security may be adequate, but capacity to meet policyholder obligations, particularly with respect to long-term or "long-tail" policies, is vulnerable to adverse economic and underwriting conditions. And ya gotta wonder when Coppers & Lybrand resigns an account, as it did with Provident.

To: Keith J who wrote (9068)	3/27/1998 1:04:00 AM
From: Kerry Phineas	Read Replies (1) \| Respond to of 13594

Keith, AOL's paid in warrants, ha ha ha, and it sounds like its a done deal. AOL deals with some fishy customers, no doubt.

To: Keith J who wrote (9068)	3/27/1998 8:37:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 13594

Just caught this about AOL's partner on the Motley Fool's Lunchtime News: <Managed care health insurance holding company Provident American Corp. (Nasdaq:PAMC - news) lost $1 5/16 to $5 7/16 after saying it expects a Q4 loss after charges of $12 to $15 million compared to net income of $1 million a year ago. The company also said restructuring charges and write-downs of deferred policy acquisition costs will result in a "significant reduction" of intangible assets.> FWIW. And they're paying AOL how much??? Keith, The entire market reaction to AOL baffles me. This included. Glenn