1099-B tax forms for recipients of cash consideration from MLMIC’s acquisition by National Indemnity Company will be sent on February 25 via Computershare. The mailing will contain an explanatory insert and a 1099-B tax statement required by the IRS.
MLMIC asks any objectors or Eligible Policyholders currently involved in an unresolved dispute over cash consideration to read the recent Order from the Superintendent of the New York State Department of Financial Services and review your obligations, available options and the future status of the cash consideration held in escrow.
MLMIC Insurance Company has received an A+ (Superior) Financial Strength Rating and a Long-Term Issuer Credit Rating of “aa-” from AM Best.
MLMIC’s Q3 financials show continued strength and stability for New York’s leading medical liability insurer. In a consistently challenging insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.