Tag: medical liability insurance
MLMIC’s Q2 financials show continued strength and stability for New York’s leading medical liability insurer. In a constantly changing insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.
Media reports indicate that New York State has ousted the CEO of the state’s second largest medical malpractice insurance carrier. Although dramatic changes like this may give the appearance of instability in the entire market, MLMIC assures policyholders that their coverage is not at risk and MLMIC continues to demonstrate sound financial condition.
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.
On January 17, the Albany Times Union reported a new development in the struggles for one of New York’s major malpractice insurance carriers. Instability of a large provider creates some uncertainty for the entire market, of course, but we want to assure MLMIC policyholders that their coverage is not at risk.