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Preview: LexisNexis® Mealey's™ Insurance Insolvency Legal News

LexisNexis® Mealey's™ Insurance Insolvency Legal News



Headline Insurance Insolvency Legal News from LexisNexis®



 



Panel: Lower Court Was Too Harsh In Dismissing Claims Over Discovery Issues
AUSTIN, Texas - The Third District Texas Court of Appeals on Aug. 30 reversed and remanded a lower court decision dismissing the claims of a woman who was involved in an auto accident against a woman insured by an insolvent insurer, finding that the lower court had abused its discretion by dismissing the claims based on a discovery noncompliance (Crystal Bingham Hernandez v. Tiffany Polley, No. 03-15-00384-CV, Texas App., 3rd Dist.; 2016 Tex. App. LEXIS 9526).



Judge Orders Liquidation Of Risk Retention Group
HELENA, Mont. - A Montana judge on Aug. 8 ordered the commencement of a liquidation proceeding of an insurance risk retention group with the consent of the directors of the group (In the Matter of the Liquidation of CareConcepts Insurance, Inc., A Risk Retention Group, No. ADV 2016-640, Mont. 1st Jud. Dist., Lewis and Clark Co.).



Liquidator Asks Court To Approve $7 Million Asbestos Claims Settlement
CONCORD, N.H. - The liquidator of an insolvent insurer asked a New Hampshire court on Aug. 23 to approve a settlement agreement regarding asbestos claims under a number of policies issued in the 1970s and 1980s (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Federal Government Says Insurance Guarantor's Case Against It Is Moot
LOS ANGELES - The United States told a federal court in California on Sept. 12 that California's insurance guarantor's case against the government should be dismissed as moot now that the United States has withdrawn its demand for reimbursement of certain workers' compensation payments (California Insurance Guarantee Association v. Sylvia Mathews Burwell, et al., No. 15-cv-1113, C.D. Calif.).



Judge Sets Late Claims Filing Deadline In Insurance Insolvency Case
AUSTIN, Texas - A Texas judge on Sept. 1 ordered a late claims filing deadline for claims against the estate of two insurers in rehabilitation (State of Texas v. Universal Insurance Exchange, et al., No. D-Q-GV-06-000119, Texas, 345th Dist., Travis Co.).



Commissioner Says New Jersey ACA Co-Op Needs To Be Placed Into Rehabilitation
TRENTON, N.J. - New Jersey's insurance commissioner on Sept. 12 asked a state court to declare a Patient Protection and Affordable Care Act (ACA) Consumer Operated and Oriented Plan (Co-Op) provider insolvent (Richard J. Badolato, Commissioner of the Department of Banking and Insurance of New Jersey v. Freelancers Consumer Operated and Oriented Program of New Jersey d/b/a Health Republic Insurance of New Jersey, No. MCR-C-000063-16, N.J. Super., Mercer Co., Chancery Div.).



Insolvency Fund, Bank Argue Over Attempt To Recoup Workers' Compensation Money
BOSTON - The Massachusetts Insurers Insolvency Fund and a bank argued before the state's high court during oral arguments on Sept. 8 whether the fund can recover from the bank money paid to a bank employee after the bank's workers' compensation insurer was deemed insolvent (Massachusetts Insurers Insolvency Fund v. Berkshire Bank, No. SJC-12019, Mass. Sup.).



Judge Approves Payment Of Administrative Expenses To Insurance Guarantors
HARRISBURG, Pa. - A Pennsylvania judge on Aug. 23 approved the payment of nearly $6 million of administrative expenses by the insolvent Reliance Insurance Co. to the insurance guaranty associations of Oregon and Louisiana (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).



Special Deputy Liquidator Wants To Distribute $4.6M To Guaranty Associations
AUSTIN, Texas - The special deputy receiver (SDR) of a Texas insurer in liquidation on Sept. 6 asked a Texas court to grant it the authority to distribute $4.6 million of liquidation estate assets to the insurance guaranty associations from 29 states (The State of Texas v. Gramercy Insurance Co., No. D-GV-12-001713, Texas Dist., Travis Co.).



Government, Insurer Spar Over Lack Of ACA Risk Corridor Payments
WASHINGTON, D.C. - An insurer on Aug. 15 defended the ripeness of claims arising from the failure to pay monies owed under the Patient Protection and Affordable Care Act (ACA) to a federal judge, saying the government's recent change in interpreting when the monies are due does not negate its case (Health Republic Insurance Co. v. The United States of America, No. 16-259, Fed. Clms.).



CMS Promises ACA Insurers Full Payment On Risk Corridor Obligations
WASHINGTON, D.C. - The Patient Protection and Affordable Care Act (ACA) risk corridor program debts are U.S. government obligations requiring full payment, the Centers for Medicare and Medicaid Services (CMS) said in a Sept. 9 letter addressing insurer concerns about timely and adequate transfers under the program.



Judge Orders 182-Day Stay Of Litigation Against Insurers In Rehabilitation
HARRISBURG, Pa. - A Pennsylvania judge on Aug. 24 extended the stay of litigation against two insurers in rehabilitation until February 2017 (In Re: Penn Treaty Network America Insurance Company in Rehabilitation and In re: American Network Insurance Company in Rehabilitation, Nos. 1 PEN 2009 & 1 ANI 2009, Pa. Cmwlth.).



Texas Judge Approves $28,500 Settlement Between Insolvent Insurer And Homeowner
AUSTIN, Texas - A Texas judge on Aug. 5 approved a settlement of a homeowner's claim regarding a house fire with the receivership estate of an insolvent insurer (The State of Texas and the Texas Department of Insurance v. Vesta Fire Insurance Corporation, et al., No. D-1-GN-002366, Texas Dist., Travis Co.).



Rehabilitator: Insurers In Rehabilitation Are Owed Funds In Reinsurance Trust
CHICAGO - A mortgage insurance reinsurer on Aug. 17 removed to a federal court in Illinois a case in which the rehabilitator of two insurers alleges that the reinsurer violated the Real Estate Settlement Procedures Act (RESPA) with alleged kickbacks to certain captive mortgage lenders affiliated with the reinsurer (People of the State of Illinois, ex rel., Acting Director of Insurance, Anne Melissa Dowling v. HMC Reinsurance Company, a Vermont Corporation, No. 16-cv-08156, N.D. Ill.).



Liquidator Recommends Payment Allowance Of $12.7 Million In Reinsurance Claims
CONCORD, N.H. - The liquidator of the Home Insurance Co. filed a report and recommendation with a New Hampshire court on Aug. 18, outlining recommendations that include nearly $13 million in reinsurance payments (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



7th Circuit Affirms Lower Court Order Remanding Reinsurance Case
CHICAGO - A Seventh Circuit U.S. Court of Appeals panel on Sept. 1 affirmed a remand order from a lower court, noting that the reinsurance agreements at issue in the case have service of suit clauses that leave forum selection up to the reinsured (Pine Top Receivables of Illinois, LLC v. Transfercom, Ltd., No. 16-1073, 7th Cir.; 2016 U.S. App. LEXIS 16225).



Conservator Explains Status Of Cut-Through Reinsurance Endorsements
SAN FRANCISCO - The conservator of a property casualty insurer responded in a California court on Sept. 6 to certain objectors to his conservatorship plan and explained how cut through reinsurance endorsements would be handled in the plan (Dave Jones, Insurance Commissioner of the State of California v. CastlePoint National Insurance Company, and DOES 1-50, No. CPF-16-515183, Calif. Super., San Francisco).



Judge Says Motion To Amend Complaint Comes Too Late
NEW YORK - A federal judge in Illinois on Aug. 30 denied a motion to amend a complaint filed by an assignee of certain reinsurance recoverables of an insolvent insurer, holding that the assignee had not shown that leave to amend should be given after a motion for summary judgment had been decided (Pine Top Receivables of Illinois, LLC v. Banco De Seguros Del Estado, No. 12-cv-06357, N.D. Ill.; 2016 U.S. Dist. LEXIS 116181).



Special Deputy Receiver Reports Quarterly Status Of Liquidation Estate
AUSTIN, Texas - The special deputy receiver (SDR) of an insolvent insurer reported to a Texas court on Sept. 15 the financial status of the liquidation estate and outlined details of reinsurance recoverables and recoveries (The State of Texas v. San Antonio Indemnity Company, No. D-1-GV-13-001153, Texas, 201st Dist., Travis Co.).



Judge OKs $110.8M Distribution Of Insurer In Conservatorship's Settlement Funds
LOS ANGELES - A California judge on July 26 approved the state's insurance commissioner's application for an order allowing him to distribute $110.8 million of a $200 million settlement (Insurance Commissioner of the State of California v. Executive Life Insurance Company, No. BS 006912, Calif. Super., Los Angeles Co.).



Justice: $14M Settlement Between Insurer's Liquidator, Archdiocese Is Prudent
CONCORD, N.H. - A New Hampshire justice approved a $14 million settlement of certain alleged bodily injury liabilities on July 22 between the liquidator of The Home Insurance Co. and the Archdiocese of Saint Paul and Minneapolis (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Vice Chancellor: Lifting Injunction Would Contravene Delaware's Liquidation Act
WILMINGTON, Del. - A Delaware vice chancellor on July 7 denied a reinsurance trustee's request that the Delaware Chancery Court lift an injunction against bringing lawsuits naming an insolvent insurer in liquidation (In the Matter of the Liquidation of Freestone Insurance Company, No. 9574-VCL, Del. Chanc.; 2016 Del. Ch. LEXIS 101).



Pennsylvania Judge Orders Reinsurer Into Liquidation, Stays Related Actions
HARRISBURG, Pa. - A Pennsylvania judge on July 18 ordered Excalibur Reinsurance Corp. into liquidation and stayed all cases and actions involving the reinsurer regardless of the forum (Teresa D. Miller, Insurance Commissioner of the Commonwealth of Pennsylvania v. Excalibur Reinsurance Corporation, No. 1 ERC 2016, Pa. Cmwlth.).



Judge Approves $50 Million Recommendation Regarding Guaranty Association's Claim
TALLAHASSEE, Fla. - A Florida judge on July 21 approved an insolvent insurer's receiver's recommendation regarding the Florida Insurance Guaranty Association's (FIGA) claim for more than $50 million (In re: The Receivership of Magnolia Insurance Company, No. 2010-CA-1522, Fla. Cir., 2nd Cir., Leon Co.).



Chancellor Approves Receiver, Liquidator's $2.5 Million Claims Recommendations
NASHVILLE, Tenn. - A Tennessee chancellor on July 25 approved nearly $2.5 million in recommended claims allowances by the receiver and liquidator of an insolvent risk retention group (State of Tennessee ex rel. Julie Mix McPeak, Commissioner of Commerce and Insurance for the State of Tennessee v. American National Lawyers Insurance Reciprocal (RRG), No. 03-293, Tenn. Chancery, 20th Dist., Davidson Co.).



Arizona Judge Orders Liquidation Of Health Care Co-Ops
PHOENIX - An Arizona judge on Aug. 10 ordered the liquidation of two co-op health insurers, finding them each to be insolvent (State of Arizona, ex rel. Leslie R. Hess, Interim Director of Insurance v. Compass Cooperative Mutual Health Network, et al., No. cv2016-011872, Ariz. Super., Maricopa Co.).



Rehabilitator Asks Court To Convert Penn Treaty's Rehabilitation To Liquidation
HARRISBURG, Pa. - The rehabilitator of Penn Treaty Network American Insurance Co. (PTNA) petitioned a Pennsylvania court on July 27 to convert the insurer's rehabilitation to a liquidation, claiming that further efforts at rehabilitation would be futile (In Re: Penn Treaty Network America Insurance Company in Rehabilitation and In re: American Network Insurance Company in Rehabilitation, Nos. 1 PEN 2009 & 1 ANI 2009, Pa. Cmwlth.).



Reliance Liquidator Recommends Allowance Of $8 Million In Claims
HARRISBURG, Pa. - The liquidator of Reliance Insurance Co. asked a Pennsylvania court on Aug. 23 to approve a report and recommendation regarding more than $8 million of claims (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).



New York Justice Orders Establishment Of Ancillary Receivership Proceeding
NEW YORK - A New York justice on July 25 ordered the implementation of an ancillary receivership proceeding of an insolvent Missouri insurer (In the Matter of the Application of Maria T. Vullo, Acting Superintendent of Financial Services of the State of New York, for an Order of Appointment as Ancillary Receiver of Lumbermen's Underwriting Alliance, No. 450674-16, N.Y. Sup., New York Co.).



Justice Asks For Input Regarding Fate Of Ancillary Receivership
NEW YORK - A New York justice on Aug. 16 asked interested parties to comment on a possible order ending the ancillary receivership of an insolvent Pennsylvania insurer (In the Matter of the Ancillary Receivership of First Sealord Surety, Inc., No. 400563/13, N.Y. Sup., New York Co.).



Justice Approves $28M Settlement Of Asbestos Claims With Insolvent Insurer
CONCORD, N.H. - A New Hampshire justice on July 22 approved a $28 million asbestos bodily injury related settlement between the insolvent Home Insurance Co. and Ingersoll-Rand Co. (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Reliance Liquidator Wants To Reimburse $5.7 Million In Administrative Expenses
HARRISBURG, Pa. - The liquidator of the insolvent Reliance Insurance Co. asked a Pennsylvania court on July 21 to allow her to reimburse Louisiana's and Oregon's insurance guaranty associations more than $5.7 million in administrative expenses (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).



Judge OKs Return Of Reserve Funds Under Assumption Reinsurance Agreement
CHICAGO - An Illinois judge on July 22 approved the return of nearly $4 million Canadian to the Lumbermens Mutual Casualty Co.'s liquidation estate that was held by a Canadian insurer that had been paying certain claims and obligation of Lumbermens' in Canada (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the State of Illinois v. Lumbermens Mutual Casualty Co., No. 12-24227, Ill. Cir., Cook Co.).



Judge Orders Conservatorship Of Insurer In Hazardous Financial Condition
SAN FRANCISCO - A California judge on July 28 ordered an insurer into conservatorship and named the state's insurance commissioner as conservator (Dave Jones, Insurance Commissioner of the State of California v. CastlePoint National Insurance Company, and DOES 1-50, No. CPF-16-515183, Calif. Super., San Francisco).



Judge Approves Oklahoma, New Mexico Special Deposit Agreement
OKLAHOMA CITY - An Oklahoma judge on Aug. 5 approved the application of that state's insurance commissioner and ordered the commissioner to implement a special deposit refund agreement with the insurance superintendent of New Mexico (State of Oklahoma ex rel. John D. Doak Insurance Commissioner v. Red Rock Insurance Company A Licensed Insurer in the State of Oklahoma, No. CJ-2014-4353, Okla. Dist., Oklahoma Co.).



Justice Approves Insolvent Insurer's, Reinsurer's Commutation Agreement
CONCORD, N.H. - A New Hampshire justice on July 8 approved a reinsurance commutation agreement between Swiss Re and the Home Insurance Co.'s liquidation estate (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Judge Says Reinsurer May Make Direct Payments To Insurance Policyholder
HARRISBURG, Pa. - A Pennsylvania judge on Aug. 11 approved direct payments by a reinsurer to an insured of Reliance Insurance Company in Liquidation (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).



Judge Approves Plan To Have Reinsurer Make Direct Payments To Insured
HARRISBURG, Pa. - A Pennsylvania judge on Aug. 11 granted the liquidator of Reliance Insurance Co.'s application to allow a reinsurer to make direct payments to a Reliance policyholder (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).



Authorities Behind Insolvent Title Insurer Ask Court To Set Claims Deadline
AUSTIN, Texas - The special deputy receiver (SDR) of an insolvent title insurer and the Texas Title Insurance Guaranty Association (TTIGA) asked a Texas court on July 22 to set a claims-filing deadline and approve their notification and claims-processing procedures (The State of Texas v. Millennium Closing Services LLC d/b/a Millennium Title, No. D-1-GN-16-000360, Texas, 53rd Dist., Travis Co.).



Judge Places ACA Health Care Marketplace Co-Op Into Rehabilitation
CHICAGO - An Illinois judge on July 14 placed a Patient Protection and Affordable Care Act (ACA) health care marketplace co-op into rehabilitation because, according to the state's acting director of insurance, the insurer will suffer a $68 million loss due to the actions of Congress and the Centers for Medicare & Medicaid Services, which would place the insurer in a hazardous position (People of the State of Illinois, ex rel. Anne Melissa Dowling, Acting Director of Insurance of the State of Illinois v. Land of Lincoln Mutual Health Insurance Company, No. 2016CH09210, Ill. Cir., Cook Co., Chanc. Div.).



Judge Orders Termination Of Liquidation Proceedings
TALLAHASSEE, Fla. - A Florida judge on June 22 ordered the end of an insolvent insurer's receivership proceeding and discharged the court appointed receiver from its duties (In Re: The Receivership of Ultramedix Health Care Systems, a Florida corporation, No. 1998-CA-1127, Fla. Cir., 2nd Cir., Leon Co.).



New Hampshire Judge Approves Settlement Between Liquidator And Church
CONCORD, N.H. - A New Hampshire judge on July 7 approved a $3.7 million settlement between the liquidator of an insolvent insurer and a diocese of the Roman Catholic Church (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Justice Asks For Input Regarding Proposed Ancillary Receivership
NEW YORK - A New York justice on June 14 issued an order to show cause, asking for input regarding the proposed ancillary receivership of a Missouri insurer that does business in New York (In the Matter of the Application of Maria T. Vullo, Acting Superintendent of Financial Services of the State of New York, for an Order of Appointment as Ancillary Receiver of Lumbermen's Underwriting Alliance, No. 450674-16, N.Y. Sup., N.Y. Co.).



Judge Ends Ancillary Receivership, Approves Distribution Of Funds
TALLAHASSEE, Fla. - A Florida judge on June 15 approved the ancillary receiver of an insolvent Puerto Rican insurer's request to be allowed to distribute certain collected funds and end the proceeding (State of Florida, ex rel., the Florida Department of Financial Services v. National Insurance Company, No. 2015-CA-1625, Fla. Cir., 2nd Cir., Leon Co.).



Liquidator Asks Court To Approve $28 Million Asbestos-Related Settlement
CONCORD, N.H. - The liquidator of an insolvent insurer asked a New Hampshire court on June 22 to approve his recommendation of a $28 million settlement of certain asbestos-related bodily injury claims with one of the insolvent insurer's insureds (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Florida Panel Affirms Court's Denial Of Insured's Motion For Attorney Fees
LAKELAND, Fla. - A Florida appeals panel on July 15 held that although a lower court denial of insured's motion for attorney fees in a sinkhole coverage dispute was based on two statutory misinterpretations, there is ample basis in the record to affirm (Christopher Shane Miller v. Florida Insurance Guaranty Association Inc., et al., No. 2D15-1350, Fla. App., 2nd Dist.; 2016 Fla. App. LEXIS 10868).



Insurance Guarantor Says It Does Not Owe Medicare $119,122 Reimbursement
LOS ANGELES - A state insurance guaranty association argues in a June 29 motion in federal court in California that the United States has not met its burden in showing that the association owes certain Medicare reimbursements (California Insurance Guarantee Association v. Sylvia Mathews Burwell, et al., No. 15-cv-1113, C.D. Calif.).



Special Deputy Receiver Wants Hearing On Disputed Claim
AUSTIN, Texas - The special deputy receiver (SDR) of an insolvent insurer asked a Texas court on July 13 to hold a hearing on a contested claim regarding compensation for certain losses of an insured due to a house fire (The State of Texas and the Texas Department of Insurance v. Vesta Fire Insurance Corporation, et al., No. D-1-GN-002366, Texas Dist., Travis Co.).



Connecticut Affordable Care Act Marketplace Co-Op Ordered Into Supervision
HARTFORD, Conn. - Connecticut's insurance commissioner placed a Patient Protection and Affordable Care Act (ACA) co-op under supervision on July 1 (In the Matter of: HealthyCT, Inc. a Connecticut domiciled health insurance company, Conn. Insurance Depart., Administrative Action Order of Supervision, No. EX 16-54).



Liquidator Says Insurance Guarantor Should Get Its Expenses From State Deposits
CHICAGO - The liquidator of an insolvent insurer told an Illinois court on June 29 that California's insurance guaranty association should collect reimbursement for its administrative expenses from monies deposited in California (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the state of Illinois v. Lumbermens Mutual Casualty Co., No. 12-24227, Ill. Cir., Cook Co.).



Mortgage Loan Securitizer Wants To Know Its Rights Regarding Insurance Claims
CHICAGO - A mortgage loan securitizer and its loan servicer asked an Illinois court on July 1 to clarify the status of certain insurance claims made to an insurer in rehabilitation (In the Matter of the Rehabilitation of Triad Guaranty Insurance Corporation, No. 12-CH-43895, Ill. Cir., Cook Co.).



Commissioner Wants To Distribute $110M To Insolvent Insurer's Policyholders
LOS ANGELES - California's insurance commissioner asked one of the state's courts on June 29 for approval of a $110 million interim distribution of certain settlement proceeds to an insolvent insurer's policyholders (Insurance Commissioner of the State of California v. Executive Life Insurance Company, No. BS 006912, Calif. Super., Los Angeles Co.).



Special Deputy Receiver Asks Court To OK Settlement Of Home Fire Damage Claim
AUSTIN, Texas - The special deputy receiver (SDR) of an insolvent insurer asked a Texas court on July 15 to approve a settlement between a homeowner and the receivership estate of an insolvent insurer of the homeowner's fire damage claim (The State of Texas and the Texas Department of Insurance v. Vesta Fire Insurance Corporation, et al., No. D-1-GN-002366, Texas Dist., Travis Co.).



Justice Wants Input Regarding Reinsurance Recoverables Assignment Agreement
NEW YORK - A New York justice on June 24 issued an order to show cause regarding a proposed agreement assigning certain reinsurance recoverables to an assets collection company (In the Matter of the Liquidation of ICM Insurance Company, No. 452122/13, N.Y. Sup., New York Co.).



New Hampshire Judge Approves Reinsurance Commutation Agreement
CONCORD, N.H. - A New Hampshire judge on July 7 approved a reinsurance commutation agreement between an insolvent insurer's liquidation estate and a reinsurer that acquired portfolios of reinsurance run-off business (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Justice OKs Commutation Agreement About Reinsurance From 1960s And 1970s
CONCORD, N.H. - A New Hampshire justice on July 8 approved a reinsurance commutation agreement between the liquidator of an insolvent insurer and the manager of a certain reinsurance pool covering reinsurance of the insolvent insurer from the 1960s and 1970s (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).



Assignee Of Reinsurance Recoverables Asks For Leave To Amend Complaint
CHICAGO - The assignee of certain reinsurance recoverables asked a federal court in Illinois on June 28 to amend and correct its judgment and allow for the filing of an amended complaint adding certain missing elements of its claims against a Brazilian reinsurer (Pine Top Receivables of Illinois, LLC v. Banco De Seguros Del Estado, No. 12-cv-06357, N.D. Ill.; 2016 U.S. Dist. LEXIS 70462).



Liquidator Of Insolvent Insurer Sues Reinsurer Over Unpaid Billings
NEW YORK - The liquidator of an insolvent New Hampshire insurer told a federal court in New York on June 23 that a reinsurer owes the liquidation estate nearly $225,000 in unpaid reinsurance billings (Roger A. Sevigny, the Commissioner of Insurance of the State of New Hampshire, as Liquidator of The Home Insurance Company v. Trygvesta Forsikring A/S, as successor in interest to Skandinavia Insurance Company Ltd., No. 16-cv-04874, S.D. N.Y.).



Liquidator Wants Reinsurer To Make Direct Payments To Insured
HARRISBURG, Pa. - The liquidator of an insolvent insurer asked a Pennsylvania court on July 6 to approve the liquidator's recommendation that a reinsurer be allowed to make direct payments to one of the insolvent insurer's insureds (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).



Liquidator Wants Court To Approve Direct Payment Agreement With Reinsurer
HARRISBURG, Pa. - The liquidator of an insolvent insurer asked a Pennsylvania court on July 6 for approval of an agreement under which a reinsurer will make direct payments of claims to the insolvent insurer's insured (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).