Tag: medical liability insurance

Media Reports Management Changes Within Major Medical Malpractice Insurance Carrier

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.

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Latest Developments in NY’s Medical Malpractice Insurance Marketplace

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.

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As a Result of Continued Fiscal Strength, MLMIC Declares New Dividend

MLMIC’s latest dividend is based on overall assets of $5.8 billion, a surplus of $1.9 billion and a net income of $100 million. These figures, available in the company’s Q3 statement, show the company’s overall financial condition remains sound.

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A.M. Best Special Report Reveals Risk Retention Group (RRG) Impairments

In a recent special report on the insurance industry in the United States, A.M. Best – a leading insurance rating organization – notes a disturbing trend among risk retention groups (RRGs): they appear to be failing at an increasing rate.

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