Judge Approves Payment Of Administrative Expenses To Insurance Guarantors

(September 9, 2016, 8:25 AM EDT) -- HARRISBURG, Pa. — A Pennsylvania judge on Aug. 23 approved the payment of nearly $6 million of administrative expenses by the insolvent Reliance Insurance Co. to the insurance guaranty associations of Oregon and Louisiana (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).

(Order available. Document #10-160923-010R.)

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

Teresa D. Miller, the state’s insurance commissioner and Reliance’s liquidator, applied...
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