Liquidation Ended With Distribution Of More Than $6M To Guaranty Association

(September 11, 2015, 7:36 AM EDT) -- TRENTON, N.J. — A New Jersey judge on Aug. 21 ordered the termination of an insurer’s liquidation that had been ongoing since 2009 (In the Matter of: The Liquidation of Consumer First Insurance Company, No. MER-C-17-09, N.J. Super, Mercer Co., Chancery Div.).

(Final order available. Document #10-150925-010R.)

Steven M. Goldman, New Jersey’s then-commissioner of banking and insurance, petitioned the Mercer Co., N.J., Superior Court, Chancery Division, to place Consumer First Insurance Co. into rehabilitation. Judge Maria Marinari Sypek granted the petition on April 22, 2009, and...
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