Liquidator Asks Court To Approve Agreement With States’ Guaranty Associations

(September 16, 2015, 12:38 PM EDT) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer on Sept. 14 asked a Pennsylvania court to approve a settlement agreement with certain states’ insurance guaranty associations (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001; California Insurance Guarantee Association, Objector v. Reliance Insurance Company in Liquidation, No. 3 REL 2014; and California Insurance Guarantee Association, Objector v. Reliance Insurance Company in Liquidation, No. 4 REL 2014, Pa. Cmwlth.).

(Liquidator’s application for approval of settlement available. Document #10-150925-017X.)

The Pennsylvania Commonwealth Court placed Reliance...
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