New York Justice Orders Termination Of Ancillary Receivership

Mealey's (July 30, 2015, 7:47 AM EDT) -- NEW YORK — A New York justice on July 23 ordered the closing of the ancillary receivership of an Ohio domiciled insolvent insurer (In the Matter of the Ancillary Receivership of Credit General Insurance Company, No. 400160/01, N.Y. Sup., New York Co.).

(Order available. Document #10-150828-004R.)

The Franklin County, Ohio, Court of Common Pleas placed Credit General Insurance Co into liquidation by on Jan. 4, 2001, and J. Lee Covington II, the state’s superintendent of insurance, was named liquidator.

The New York County Supreme Court ordered...
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