A federal judge is blocking a third attempt in as many years by Governor Tom Wolf and state lawmakers to take at least $200 million in surplus cash from a state-chartered medical malpractice insurer of last resort.
U.S. District Judge Christopher Conner last week sided again with the Pennsylvania Professional Liability Joint Underwriting Association and temporarily blocked enforcement of a law Wolf signed last month authorizing a state takeover in a bid to divert the association’s surplus.
The association says it violates various constitutional provisions.
In May, Conner permanently blocked a previous attempt, saying the state was unconstitutionally trying to seize private property without fair compensation.
The association says its reserves were generated from policyholder premiums and investment income and that taxpayer money never funded its operations.
Topics Carriers Pennsylvania
Was this article valuable?
Here are more articles you may enjoy.
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Can Trump’s New FEMA Pick Save the Beleaguered Disaster Agency? 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
