Publications & Resources

At MLMIC’s Board of Directors Meeting on May 3, Dr. Robert Menotti affirmed his retirement as President and Chairman of the Company. Subsequently, the Board elected Dr. James Reed to serve as Chairman and Dr. John Lombardo to serve as President.

MLMIC will now write and provide the Section 18 excess insurance previously written and provided by Healthcare Professionals Insurance Company (HPIC).

In the opening letter to MLMIC’s 2016 Annual Report, President Dr. Robert Menotti highlights some of the Company’s accomplishments, shares summary financial information and announces his retirement.

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.

Online risk management CME programs for MLMIC-insured physician assistants include the basic and follow-up programs, as well as individual modules on a variety of topics.

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.

Risk management seminar reminders from MLMIC: the date for the 2016 seminar will be September 23, and past lectures are available online.

Did you know that non-clinical staff may impact patient safety and malpractice exposures? Ensuring that staff members have been properly trained regarding their roles and responsibilities should be an integral part of any organization’s risk management program.