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Tag: policyholders

Medical Malpractice Insurance News

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June 14, 2017

Doctors Tell Medscape How They Survived Being Sued

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.

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Posted in: Hospitals, Physicians

Tagged with: claims experience, claims process, court, lawsuit, legal counsel, policyholders

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February 15, 2017

MLMIC Shares Anticipated Timeline for Berkshire Hathaway Transaction

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.

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Posted in: Hospitals, Physicians

Tagged with: Berkshire Hathaway, MLMIC, policyholders

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November 14, 2016

As a Result of Continued Fiscal Strength, MLMIC Declares New Dividend

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.

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Posted in: Hospitals, Physicians

Tagged with: medical liability insurance, MLMIC, policyholders

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July 18, 2016

MLMIC Agrees to Join Berkshire Hathaway Family of Companies

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.

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Posted in: Hospitals, Physicians

Tagged with: Berkshire Hathaway, MLMIC, policyholders

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July 7, 2016

Financial Relief for Physician Policyholders in 2016

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.

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Posted in: Hospitals, Physicians

Tagged with: claims free discount, dividend, MLMIC, policyholders

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January 18, 2016

MLMIC Policyholders to Receive 20 Percent Dividend

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

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Posted in: Hospitals, Physicians

Tagged with: dividend, MLMIC, policyholders

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December 16, 2015

Majority of Physicians Report Lawsuits Came as Complete Surprise

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

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Posted in: Physicians

Tagged with: lawsuit, legal counsel, medical liability, policyholders, risk management

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December 2, 2015

MLMIC’s Q3 Statement Shows Sound Financial Condition

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.

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Posted in: Hospitals, Physicians

Tagged with: medical liability insurance, MLMIC, policyholders

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November 18, 2015

How Quality Legal Counsel Makes a Difference in the Claims Process

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.

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Posted in: Hospitals, Physicians

Tagged with: claims process, court, legal counsel, policyholders

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November 12, 2015

Are You Exposed if Your Insurer Becomes Insolvent?

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).

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Posted in: Hospitals, Physicians

Tagged with: coverage, medical liability insurance, policyholders, risk retention group

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All references to MLMIC refer to MLMIC Insurance Company, Colonie, NY.

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