Press Releases

MIEC DECLARES $9.5M POLICYHOLDER DIVIDENDS

MIEC DECLARES $9.5M POLICYHOLDER DIVIDENDS Distributed to eligible policyholders in March 2026   Oakland, CA (3/26/2026) - MIEC distributed dividend credits to eligible policyholders in March 2026, following a $9.5 million dividend declaration by the MIEC Board of Governors in December 2025.  MIEC’s financial results have been anchored by strong investment strategies, a solid balance sheet, relentless defense of non-meritorious claims, and an experienced management team committed to growth in the evolving MPL marketplace.  MIEC has now declared more than $471 million in dividends to eligible members since distributions began. “MIEC is a reciprocal exchange owned by its members, and...

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MIEC PARTNERS WITH INDEPENDENT DOCTORS OF IDAHO (IDID)

FOR IMMEDIATE RELEASE: MIEC PARTNERS WITH INDEPENDENT DOCTORS OF IDAHO (IDID) Supporting Physicians in Private Practice in Idaho Oakland, CA (1/1/2026) – Following several months of constructive collaboration, MIEC has finalized an administrative services agreement with Independent Doctors of Idaho (IDID). This agreement lays the foundation for a constructive relationship between the organizations, supporting private practice in Idaho, empowering patients with alternatives in accessing care, and aligning physicians with best-in-class professional liability protection and patient safety services.    “MIEC has been defending physicians and supporting private practice in Idaho since 1976. We (MIEC) have consistently sought to reduce costs in healthcare through...

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MIEC AM BEST RATING OF A- EXCELLENT CONFIRMED FOR THE 21ST CONSECUTIVE YEAR

FOR IMMEDIATE RELEASE: MIEC AM BEST RATING OF A- EXCELLENT CONFIRMED FOR THE 21ST CONSECUTIVE YEAR Financial Size Category: VII (USD 100 Million to Less than 250 Million)   Oakland, CA (July 22, 2025) – AM Best, a global credit rating service, has affirmed MIEC’s financial strength rating of A- Excellent, in the Financial Size Category of VII, with a stable outlook for the 21st consecutive year.  AM Best’s independent rating includes comparisons to industry peers and standards, as well as examinations of business plans, operational philosophy, and management.  Their rating summarizes an insurance company’s ability to pay claims, debts,...

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MIEC Receives AM Best A- Excellent Rating For 20th Consecutive Year

MIEC Receives AM Best A- Excellent Rating For 20th Consecutive Year Financial Size Category: VII (USD 100 Million to Less than 250 Million)   Oakland, CA (July 18, 2024) – AM Best, a global credit rating service has affirmed MIEC’s financial strength rating of A- Excellent, in the Financial Size Category of VII, with a stable outlook for the 20th consecutive year.  AM Best’s independent rating includes comparisons to industry peers and standards, as well as examinations of business plans, operational philosophy, and management.  Their rating summarizes an insurance company’s ability to pay claims, debts, and other financial obligations in...

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MIEC Receives AM Best A- Excellent Rating for 18th Consecutive Year

MIEC Receives AM Best A- Excellent Rating for 18th Consecutive Year Oakland, CA (July 28, 2022) — AM Best, a global credit rating service has affirmed MIEC's financial strength rating of A- Excellent and a stable outlook for the 18th consecutive year. AM Best’s independent rating includes comparisons to industry peers and standards, as well as examinations of business plans, operational philosophy, and management. Their rating summarizes an insurance company’s ability to pay claims, debts, and other financial obligations in a timely manner. The A- Excellent rating reflects AM Best’s assessment of MIEC’s balance sheet, operating performance, and outlook. MIEC’s...

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