New York is among only three states with total medical malpractice payouts exceeding $300 million in 2017. In addition, its total payout of $617,973,000 earns it the distinction as the state with the highest per capita payout ($313) in the nation.
As noted in our 2017 Annual Report, MLMIC continues to put policyholders first in a fiscally responsible and diligent manner. As a result, the Company is well positioned to respond to both the challenges and opportunities that come with New York’s medical malpractice insurance environment
ACOG District II – MLMIC partnership will help both expand their ability to improve patient safety and reduce risk in select focus areas, such as maternal mortality and morbidity.
On February 23, 2018, MLMIC and Berkshire Hathaway agreed to an acquisition price. Completion of the acquisition is expected in the third quarter of 2018.