MLMIC Blog

Fall 2017

Our latest Dateline® for physician and facility policyholders is ready for download.

Use of Unlicensed Medical Assistants in the Physician’s Office
A significant number of physicians inappropriately use medical assistants or other unlicensed staff to assist in treating their patients in clinical settings and private offices and are unaware of the dangers of doing so. Read more.

Case Study: Dermatologist Sued for Employee’s Negligent Laser Treatment
Vicariously liable for the acts of his employees, it was determined that settlement on behalf of the insured dermatologist was in order. Read more.

Social Media: Responding to Unflattering Online Reviews
Used for social networking, professional networking, media sharing, blogging, and research and information gathering, the number of patients and healthcare professionals using social media has exploded in recent years. Read more.

Risk Management Tip #22
The Proper Use of Patient Portals. Read more.

7/6/17: Media Reports Major Medical Malpractice Insurance Carrier Ousts CEO

As reported by the Albany Times Union and Politico on July 6, 2017, New York State has ousted the CEO of the state’s second largest medical malpractice insurance carrier. In the Politico article – Bonomo ousted at PRI amid accusations of self-dealing and mismanagement – reporter Dan Goldberg writes, “The board of PRI, the state’s second-largest medical malpractice insurance company, met shortly after 5 p.m. on Thursday and voted to void the company’s management contract with Administrators for the Professions, a subsidiary of AJB Ventures, which Bonomo owns… [AJB’s] contract was set to expire at the end of the year, but the Cuomo administration did not want to wait that long.”

According to Newsday’s article on the development, Bonomo has been “ousted from control of Roslyn-based Physicians Reciprocal Insurers amid charges of self-dealing, cronyism and mismanagement.” The story goes on to say, “New York financial services Superintendent Maria Vullo found in an order issued Thursday that Bonomo breached fiduciary duties to the malpractice insurer, ignored ‘sound actuarial principles’ when setting loss reserves and covered up problems by firing auditors and whistleblowers.”

MLMIC President John Lombardo says, “These findings by DFS are shocking and deeply disturbing, and we’re pleased to see DFS take action to preserve the integrity of the medical malpractice insurance market in NYS. It’s no accident that MLMIC continues to demonstrate a sound financial condition. MLMIC makes it its mission to provide affordable insurance at the lowest possible cost that’s consistent with fiscal responsibility. Our business practices ensure that the company has a sound financial foundation so that we are able to fulfill our obligations to policyholders. We stand ready to assist any medical professional or institution that has questions or concerns regarding their coverage.”

Affirming MLMIC’s historic and stable position in the market, the Medical Society of the State of New York recently shared the following in an email updating members about the ongoing situation with the troubled competitor: “We are quite pleased to report that our trusted partner and longstanding endorsed professional liability insurer, MLMIC, stands apart and above the fray. MLMIC’s stability, especially in today’s marketplace, is notably reassuring.”

We continue to monitor the situation in the market. If you have any questions, please call 1-800-ASK-MLMIC.

1/4/17: Latest Developments in NY’s Medical Malpractice Marketplace
As newly reported here by Politico New York, one of New York’s major malpractice insurance carriers “continues to struggle financially, reporting significant losses through the end of the third quarter.” This news, along with disciplinary action from the Joint Commission on Public Ethics, has raised legitimate concerns. 

Instability of a large provider creates some uncertainty for the entire market, of course, but we want to assure MLMIC policyholders that their coverage is not at risk. By adhering to responsible underwriting practices from our beginning, MLMIC continues to demonstrate sound financial condition and is able, once again, to offer a policyholder dividend (20% for those insured by May 1 and continuously insured through July 1). We’ll keep monitoring the situation in the market on your behalf and will apprise you of further developments. In the meantime, if you have questions, please call 1 (888) 488-9253.

5/13/16: Does your infection prevention protocol include patient handwashing?
New research published in JAMA Internal Medicine found that one in four patients transferred from an acute care setting to a post-acute setting had superbugs on their hands. Since  infections pose such a risk to the health and safety of patients, it may be time to expand hand hygiene protocols to include patients. Read more about the subject in a recent post at MLMIC’s blog: “Handwashing Policies in Healthcare Settings Ought to Include Patients.”