Judge OKs Insolvent Insurer’s Final $11M Distribution

Mealey's (July 30, 2015, 7:31 AM EDT) -- SAN DIEGO — A California judge on June 23 approved the final report and accounting of an insolvent insurer’s liquidator and authorized a final distribution of more than $11 million (Insurance Commissioner of the State of California v. Frontier Pacific Insurance Company, No. GIC774028, Calif. Super., San Diego Co.).

(Order available. Document #10-150724-010R.)

Frontier Pacific Insurance Co. (FPIC) was placed into conservatorship by the San Diego County Superior Court on Sept. 7, 2001, and into liquidation on Nov. 30, 2001. FPIC’s liquidator is California’s insurance commissioner,...
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