Medical Malpractice Insurance News

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.

MLMIC’s latest dividend is based on overall assets of $5.8 billion, a surplus of $1.9 billion and a net income of $100 million. These figures, available in the company’s Q3 statement, show the company’s overall financial condition remains sound.

We want you to be among the first to know our latest good news: MLMIC has entered into a definitive agreement to be acquired by National Indemnity Company, a subsidiary of Berkshire Hathaway.

MLMIC will not raise rates for physician policyholders this year. In addition, it announces credits for the 20% dividend and expands claims-free discount program.

MLMIC’s Board of Directors has approved a 20 percent dividend for all MLMIC policyholders.

Medscape data offers some perspective related to medical liability and malpractice litigation.

Given recent stories about insurers exiting the New York market due to financial difficulties, it is reassuring to know that New York’s leading medical liability insurer is sound and ready to serve its policyholders.

From beginning to end, the claims process (which may or may not be resolved in a trial) is long and can be quite grueling. However, it can make a difference to have confidence that you’re in attentive and capable hands.

The potential service disruption and financial loss caused by the closure of Health Republic Insurance of New York illustrates the importance of insolvency protection for all insurers (professional liability companies included).