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Memorandum: Doctors and dentists have potential to receive large payouts

Medical Liability Mutual Insurance Co. (“MLMIC”), the state’s largest medical-malpractice insurer is about to be acquired by the National Indemnity Co., a subsidiary of Warren Buffet’s Berkshire Hathaway. Doctors, dentists and hospitals who were MLMIC policy-holders from July 2013 to July 2016 will receive a payment equal to about twice the malpractice premiums they paid during that period.

Joseph Milano, a partner in the firm’s Litigation and Religious and Charitable Organizations areas, issued this memo to his clients in the medical profession.