Judge Says Reinsurer May Make Direct Payments To Insurance Policyholder

(August 18, 2016, 10:59 AM EDT) -- 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.).

(Order available. Document #12-160819-019R.)

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

Pennsylvania’s insurance commissioner and Reliance’s liquidator, Teresa D. Miller, applied with the court on July 6, 2016, for approval of direct payment of...
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