MLMIC’s Q3 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.
MLMIC’s third quarter financial statement indicates assets of $5.8 billion, liabilities of $3.6 billion and a policyholders’ surplus of $2.2 billion. Operating results through nine months have been profitable, aided by realized investment gains.
The full financial statement for Q3 has been filed with the regulator, and a summary of key financial indicators is available here. For a refresher on why insurer financials matter to policyholders, click here.
Physicians in NYS may experience problems, distractions and disruptions if insured by an RRG that has been declared insolvent. As a service to our policyholders, we are providing information that describes what to expect if your RRG is declared insolvent.
In an effort to keep our policyholders up to date on the Berkshire Hathaway transaction, and to address questions we often get on our hotline, we have updated the information on the FAQs.
MLMIC has successfully defended more NY physicians than any other NY medical liability insurer. This level of protection is always there in case you need it, but did you know we also offer a host of additional benefits and resources that can help you in your daily practice.