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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: bob who wrote (13364)	12/7/1998 11:13:00 AM
From: bob	Read Replies (1) \| Respond to of 13949

Year 2000 Insurance Coverage Case Filed in Iowa, Mealey Publications Reports KING OF PRUSSIA, Pa., Dec. 7 /PRNewswire/ -- What is believed to be the first action concerning an insurance company's Year 2000 obligations was filed Friday, Dec. 4, in the U.S. District Court for the Northern District of Iowa by Cincinnati Insurance Co. against its insured and the plaintiff in an underlying Year 2000 case, Mealey Publications has reported (Cincinnati Insurance Co. v. Source Data Systems and Pineville Community Hospital, No. C-98-0144 [MJM], N.D. Iowa). The insured, Source Data Systems, is a defendant in an underlying suit filed in August by Pineville Community Hospital of Pineville, Ky. The hospital maintains that SDS pledged that a $570,000 computer system installed in 1995 and 1996 would be Year 2000 compliant, but that promised repairs were never completed. Pineville says it now must install a new system estimated to cost $750,000 to $1.25 million. Cincinnati wants a declaration that it has no duty to defend or indemnify Source Data Systems and can recover defense costs already incurred. Full coverage will be provided in the December issue of Mealey's Year 2000 Report. For a free copy of the report, call 1-800-MEALEYS, 610-768-7800 or by e-mail: news@mealeys.com. In addition to Year 2000 issues, Mealey's publishes litigation newsletters on asbestos; lead paint exposure, cyberlaw and technology insurance; drugs and medical devices, insurance coverage; bad faith; breast implants; Superfund; toxic torts; fen phen and diet drugs; tobacco; insurance fraud, insurance insolvency; latex, patents and intellectual property; managed care; expert admissibility (Daubert) and international arbitration. SOURCE Mealey Publications Web Site: mealeys.com