MLMIC is pleased to report that it has prepared and distributed a Policyholder Information Statement to Record Date Policyholders with detailed information about the proposed conversion and acquisition by National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.
A public hearing has been scheduled by the NYS Superintendent of Financial Services to consider the Plan of Conversion adopted by MLMIC’s Board of Directors.
We are pleased to report the latest progress on the sponsored demutualization transaction with National Indemnity Company (the Sponsor), a subsidiary of Berkshire Hathaway Inc. (BHI).
MLMIC encourages all our insured facilities and providers to examine the safety of their organizations and practices and utilize available resources to assist in developing, evaluating or expanding plans for addressing the potential of workplace violence.
MLMIC’s Q1 financials show a strong start to 2018 for New York’s leading medical liability insurer. In a consistently challenging insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.
MLMIC is pleased to announce two new resources: an upgraded secure portal and a 24/7 call center. Both customer service enhancements are part of MLMIC’s effort to deliver a responsive, concierge-like experience for our policyholders.
The Spring 2018 edition of Dental Dateline – the newsletter for MLMIC-insured dentists – includes many resources, such as risk management tips and strategies, a case study and updates on trends affecting policyholders.
New York is among only three states with total medical malpractice payouts exceeding $300 million in 2017. In addition, its total payout of $617,973,000 earns it the distinction as the state with the highest per capita payout ($313) in the nation.
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.
A new edition of The Albany Report helps policyholders understand the impact of the recent expansion of the medical malpractice statute of limitations in New York State.