The New Hampshire Supreme Court has refused to reconsider its ruling rejecting the state’s claim to $110 million surplus from a fund that underwrites medical malpractice insurance.
Gov. John Lynch spokesman Colin Manning said Tuesday the decision was disappointing.
Manning says the state continues to review other legal options for the fund’s future.
In January, the court upheld policyholders’ claim they had a constitutionally protected contractual right to the money. The court said the state could not change law to apply retroactively to the contracts and take the surplus.
The state asked the court to rehear the case. The state said the court disregarded facts, expanded the definition of vested rights to apply to policyholders and improperly shifted the burden of proof to the state.
Baxtor says: 
WK says: 
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
Woman Takes Honda to Small-Claims, Wins Big
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
