In a letter introducing MLMIC’s 2017 summary financial information, Board Chair James K. Reed, M.D., notes two primary indicators of the Company’s financial stability: assets that exceed liabilities and growth in demand for products and services. Both the letter and the summary financial information are part of MLMIC’s 2017 Annual Report, which is available now on our website.
Dr. Reed’s letter also highlights some of the Company’s accomplishments in 2017, including acquisition of renewal rights to the Section 18 excess business formerly written by Healthcare Professional Insurance Company (which provides a valuable layer of insurance protection to our physician policyholders) and progress on the previously announced transaction with Berkshire Hathaway (which offers added financial security to deliver greater protection to New York State physicians, hospitals and dentists).
As Dr. Reed emphasizes in the Annual Report, these accomplishments are part of MLMIC’s approach: putting policyholders first in a fiscally responsible and diligent manner. As a result, MLMIC is well positioned to respond to both the challenges and opportunities that come with New York’s medical malpractice insurance environment.
To access the full annual report with Dr. Reed’s letter and summary financial information, please click here.
To access the most recent information about the Berkshire Hathaway transaction, bookmark the FAQs page.