MLMIC announces the official completion of its conversion from a mutual company to a stock company and its acquisition by National Indemnity Company, a subsidiary of Berkshire Hathaway. The cash consideration resulting from the conversion will be paid out to eligible policyholders as promptly as practicable.
MLMIC encourages our insured Ambulatory Surgery Centers and providers to consider use of a new survey tool from HHS as a way to continue to assess and improve quality of care.
Under the new partnership, MLMIC and NYSSOS seek to improve patient safety and the quality of care while remediating the adverse medical malpractice environment in New York.
By a vote of 6,635 out of 6,979, the Plan of Conversion and Amended and Restated Charter were approved by the Record Date Policyholders in accordance with Section 7307 of the New York Insurance Law.