At MLMIC’s Board of Directors Meeting on May 3, Dr. Robert Menotti affirmed his retirement as President and Chairman of the Company. Subsequently, the Board elected Dr. James Reed to serve as Chairman and Dr. John Lombardo to serve as President.
A new MLMIC publication, The Albany Report, is intended to enhance this advocacy by providing policyholders with a concise, insiders’ view of pending legislative, regulatory and political developments that have an impact on the NYS medical malpractice insurance marketplace.
While MLMIC continues to demonstrate financial strength, Politico New York has reported that one of the state’s major malpractice insurance carriers has both a negative surplus and declining revenues.
In the opening letter to MLMIC’s 2016 Annual Report, President Dr. Robert Menotti highlights some of the Company’s accomplishments, shares summary financial information and announces his retirement.