Judge OKs Conservation And Liquidation Plan, Says OK Is Not Liquidation Order

(September 28, 2016, 11:43 AM EDT) -- SAN FRANCISCO — A California judge on Sept. 13 approved the conservation and liquidation plan for a property and casualty insurer presented by the state’s insurance commissioner (Dave Jones, Insurance Commissioner of the State of California v. CastlePoint National Insurance Company, and DOES 1-50, No. CPF-16-515183, Calif. Super., San Francisco Co.).

(Order available. Document #10-161028-001R.)

San Francisco City and County Superior Court Judge Harold Kahn ordered CastlePoint National Insurance Co. into conservatorship on July 28 and named Dave Jones, California’s insurance commissioner, as conservator.

CastlePoint is...
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