The New York Court of Appeals on April 5, 2022 in Albany, New York. Photo: Ryland West/ALM New York Court of Appeals Considers Whether Employee or Employer Is Owed Payout in Insurance Demutualization
Attorneys representing the medical professionals named as policyholders on the insurance policies argued that the money should go to their clients.
April 20, 2022 at 06:02 PM
3 minute read
Insurance
After hearing 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.
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