Tag: medical liability insurance

Politico NY Reports Loss of Revenue for Major Medical Malpractice Insurance Carrier

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.

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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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