Liquidator Asks Court To OK More Than $5M In Claims Payments
Mealey's (August 4, 2015, 9:17 AM EDT) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer on July 30 applied to a Pennsylvania court for approval of a report and recommendations regarding more than $5 million in undisputed and resolved claims, including the payment of $4.7 million to a reinsurer (In re: Legion Insurance Company [In Liquidation], No. 1 LEG 2002, Pa. Cmwlth.).
(Application for approval of report on undisputed and resolved claims available. Document #10-150828-013X.)
The Legion Insurance Co. was found insolvent by the Pennsylvania Commonwealth Court on July 25, 2003. The...