While MLMIC can’t speak to the coverage of our competitors, we can assure our policyholders that MLMIC’s level of protection remains unchanged. We continue to provide exceptional coverage, a strong risk management program and high quality legal counsel.
Many companies sell medical professional liability insurance (MPLI) at deeply discounted rates. And while this may provide immediate relief to the insureds, the financials of these companies can be a cause of concern.
MLMIC announces the appointment of Michael J. Schoppmann, Esq. as President of our service company subsidiary. Schoppmann’s long history of protecting doctors in New York State will contribute to the superior protection, sound defense and active risk management we offer all of our insureds.
In the September issue of Risk Retention Reporter, it was noted that almost half of the 452 risk retention groups that formed since 1986 have retired.