MLMIC Reports Progress on Berkshire Hathaway Transaction
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).
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.
Dental Dateline
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.
Albany Report
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.
NPR and Fierce Healthcare recently raised the question, will hospitals be held accountable if patients become addicted to opioids? According to the articles, overprescription of opioids contributes to the current crisis, and many physicians don’t understand how quickly addiction can happen.
Albany Report
The new edition of The Albany Report includes updates on statute of limitations legislation, tort reform and Governor Cuomo’s executive budget.
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