Berkshire Hathaway CEO Warren Buffett will be joining MLMIC Chairman of the Board James Reed, M.D. for a live streaming event at noon on Wednesday, October 17, 2018. The moderated discussion – available for free online (no registration required) – is an opportunity for policyholders and members of the public to hear how the top economic issues impact New York’s ever-changing healthcare marketplace.
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.
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.
MLMIC has always recognized that eligible policyholders have the right outside the plan of conversion to assign their right to receive their allocable share of the cash consideration. MLMIC will honor any properly drafted and signed assignments that it receives from eligible policyholders on a timely basis.