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.
MLMIC’s Q2 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.
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.