MSSNY and MLMIC Announce an Exclusive 10% Discount on Medical Liability Insurance for Qualifying Members of MSSNY

For Immediate Release

 

MSSNY and MLMIC Announce an Exclusive 10% Discount on Medical Professional Liability Insurance for Qualifying Members of MSSNY

 

NEW YORK, February 01, 2024 – The Medical Society of the State of New York (MSSNY) and MLMIC Insurance Company (MLMIC) are pleased to announce a new exclusive program that will bring a 10% discount on medical professional liability insurance to qualifying members of MSSNY.

Born out of the auspices of MSSNY in 1975 during the malpractice crisis, MLMIC has continually been the trusted and exclusive medical professional liability partner of MSSNY.  This new program will bring a MLMIC premium discount opportunity to MSSNY’s network of approximately 20,000 physicians.

MSSNY members who are MLMIC policyholders may also be able to take advantage of additional discounts for up to 30% in total savings on MLMIC medical professional liability insurance premiums.

Discount programs that are available:

• Up to 12% for qualified physicians and surgeons with no open or closed claims.
• 5% savings when you complete a NYS-qualified Risk Management program.
• 5% savings for individual physician policyholders who waive consent to settle a claim.
• 2% premium credit for prompt payment of the full annual premium within 30 days of receipt of the invoice.

“MSSNY constantly strives to bring valuable services and benefits to its members. We are proud to partner with MLMIC on this program and other initiatives.” – Dr. Paul A. Pipia, MSSNY President.

“MSSNY and MLMIC’s collaboration spans nearly five decades.  We truly understand healthcare in New York and are proud of our many efforts.  This program is another example of our commitment to New York physicians.” -Dr. John Lombardo, Chief Medical Officer of MLMIC.

For more information on this discount opportunity for MSSNY members, please visit MLMIC.com/MSSNY.

About MSSNY
The Medical Society of the State of New York (MSSNY) is an organization of approximately 20,000 licensed physicians, medical residents, and medical students in New York State. Members participate in both the state society and in their local county medical societies.  MSSNY is a non-profit organization committed to representing the medical profession as a whole and advocating health related rights, responsibilities, and issues. MSSNY strives to promote and maintain high standards in medical education and in the practice of medicine to ensure that quality medical care is available to the public.

About MLMIC
MLMIC, formed in response to the medical professional liability insurance crisis of the late 1970s, has been a leader in the medical malpractice insurance industry for nearly 50 years. Today, MLMIC is not only the largest writer of medical professional liability insurance in the State of New York but is also one of the largest companies of its kind in the nation. MLMIC insures more than 13,000 providers, 3,000 dentists, dozens of hospitals and thousands of other healthcare professionals and facilities and is proudly endorsed by more than 70 state, county medical and specialty societies. In 2018, MLMIC was acquired by National Indemnity Company, a Berkshire Hathaway company, launching a new era as New York’s premier medical professional liability carrier. MLMIC has 235 employees throughout New York – local professionals ready to meet one-on-one with policyholders, review cases, coordinate with examiners and defense counsel, and more.  It is rated A+ (Superior) by A.M. Best for its sound operating performance and strong financial condition.

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Founded in 1807, the Medical Society of the State of New York is the state’s principal non-profit professional organization for physicians, residents, and medical students of all specialties. Its mission is to represent the interests of patients and physicians to assure quality healthcare services for all. 

Media Contact:
Roseann Raia | Manager, Communications
Medical Society of the State of New York
865 Merrick Avenue
Westbury, NY 11590
516.488.6100 x302 | [email protected]

Julie Vecchione
Vice President, Communications
Medical Society of the State of New York
865 Merrick Avenue
Westbury, NY 11590
516.488.6100 x340 | [email protected]