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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’s Q2 financials show continued strength and stability for New York’s leading medical liability insurer. In a consistently challenging insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.

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.

In the proposed transaction with Berkshire Hathaway, MLMIC announces an important clarification on the description of the extraordinary dividend to NICO.

MLMIC has released a new edition of The Albany Report to help physicians, dentists and other healthcare providers understand the impact of the most recent Legislative session on their practice in New York State.

MLMIC announces an important clarification on where to send the designation by an eligible policyholder for a policy administrator or EPLIP employer to receive cash consideration upon approval of the proposed transaction with Berkshire Hathaway.

MLMIC is pleased to report that it has prepared and distributed a Policyholder Information Statement to Record Date Policyholders with detailed information about the proposed conversion and acquisition by National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.

A public hearing has been scheduled by the NYS Superintendent of Financial Services to consider the Plan of Conversion adopted by MLMIC’s Board of Directors.