Reliance Liquidator Wants To Reimburse $5.7 Million In Administrative Expenses

(July 27, 2016, 11:10 AM EDT) -- 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.).

(Application available. Document #10-160826-004X.)

Reliance Insurance Co. was placed into liquidation by the Pennsylvania Commonwealth Court on Oct. 3, 2001, and the court appointed the state’s insurance commissioner as liquidator.

Pennsylvania’s insurance commissioner and Reliance’s liquidator, Teresa...
To view the full article, register now.