MLMIC Insurance Company has received an A+ (Superior) Financial Strength Rating and a Long-Term Issuer Credit Rating of “aa-” from AM Best, a global credit agency rating and information provider with a focus on the insurance industry. As of December 18, 2018, AM Best reports that “the outlook assigned to these Credit Ratings is stable.”
“We are very pleased with the A+ rating from AM Best,” says Dr. John Lombardo, president of MLMIC Insurance Company. “We look forward to continuing to deliver value to healthcare professionals and facilities in New York State.”
According to the AM Best announcement, “The ratings reflect MLMIC’s balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.”
The agency also says that leadership has maintained “MLMIC’s leading market position within New York,” one of the “most challenging market environments” in the country.
Click here to view the news release.