In 2019, the Medical Liability Mutual Insurance Company completed its demutualization process, which involved the distribution of $2.502 billion in consideration for the extinguishment of membership interests. (Credit: Matthew Benoit/Adobe Stock) In 2019, the Medical Liability Mutual Insurance Company completed its demutualization process, which involved the distribution of $2.502 billion in consideration for the extinguishment of membership interests. (Credit: Matthew Benoit/Adobe Stock)

After hearing an oral argument on a set of related cases Wednesday, the New York Court of Appeals is weighing who should receive the money paid out when a mutual insurance company responsible for medical malpractice insurance converts to a stock insurance company.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jane Wester

Jane Wester is a litigation reporter for the New York Law Journal. Email her at [email protected] or find her on Twitter @janewester.

Litigation