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.
MLMIC’s Q3 financials show continued strength and stability for New York’s leading medical liability insurer. In a constantly changing insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.
In an effort to keep our policyholders up to date on the Berkshire Hathaway transaction, and to address questions we often get on our hotline, we have updated the information on the FAQs.
Did you know that – unlike other carriers in New York’s medical malpractice marketplace –MLMIC’s entire underwriting and claims process is overseen and guided by physician peer review? Whether reviewing a prospective policyholder’s new application or performing a review of an existing policyholder’s underwriting record, physician peer review is the cornerstone of MLMIC’s underwriting philosophy.