Tag: medical malpractice insurance
MLMIC will be sending Section 18 excess insurance renewal notices to policyholders May 1. Renewal applications are due prior to July 1 and may be submitted through MLMIC’s secure policyholder portal. Excess insurance provides an important layer of insurance protection to policyholders.
Physicians in NYS may experience problems, distractions and disruptions if insured by an RRG that has been declared insolvent. As a service to our policyholders, we are providing information that describes what to expect if your RRG is declared insolvent.
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.