Illinois Judge Orders Liquidation Of Insolvent Insurer
(August 21, 2015, 12:20 PM EDT) -- CHICAGO — An Illinois judge on Aug. 19 ordered an insolvent insurer out of rehabilitation and into liquidation and named the state’s acting director of insurance as liquidator (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the State of Illinois v. Interstate Bankers Casualty Co., No. 14 CH 6395, Ill. Cir., Cook Co.).
(Order of liquidation with a finding of insolvency available. Document #10-150828-023R.)
Andrew Boron, Illinois’ then director of insurance, petitioned the Cook County Circuit Court, Chancery Division, for...