Policyholders have reacted to the Berkshire Hathaway agreement with enthusiasm and questions that we receive are typically about the transaction’s timing, payout, next steps and notices.
MLMIC is pleased to announce that DFS approval of MLMIC’s 2017 rates means that base rates remain unchanged for all physician policyholders for July 1, 2017, to July 1, 2018. DFS also approved a number of specialty class changes and a small adjustment to how entity rates are calculated.
While there’s no getting around the intense emotions involved in being sued, a solid support system makes a big difference. This includes not only family, friends and colleagues but also skilled legal counsel.
We’re pleased to advise policyholders that the Berkshire Hathaway transaction is on track. As such, you can expect several major milestones to occur between now and the expected close of the transaction by year-end 2017.