The Appellate Court of Illinois has issued a decision supporting California Insurance Commissioner Dave Jones and the California Insurance Guarantee Association’s position that Lumbermens California workers’ compensation deposits can’t be used to reimburse overhead and administrative expenses incurred in connection …
Maryland Insurance Commissioner Al Redmer, Jr. has announced that more than 1,700 Marylanders have been affected by the Penn Treaty liquidation that occurred in Pennsylvania. However, the Maryland guaranty association system has assumed responsibility for Maryland policyholders’ claims, subject to …
An Illinois health insurance co-op with 49,000 policyholders in the state has become the latest casualty among a dwindling group of nonprofit alternative insurers set up under the Affordable Care Act. Illinois regulators took steps on July 12 to shut …
A Georgia superior court judge has given regulators approval to liquidate a former automobile insurer. Cynthia Write, judge of the superior court of Fulton County, signed-off on an order in February that will allow regulators to liquidate Georgia Mutual Insurance, …
New York State’s Financial Services Superintendent Ben Lawsky announced the publication of the New York Liquidation Bureau’s 2012 annual report. The report said that last year the Bureau distributed a record $345.6 million in estate assets to insurance policyholders, claimants …
