Judge Approves $19 Million Distribution From Insolvent California Insurers

Mealey's (October 27, 2015, 1:32 PM EDT) -- LOS ANGELES — A California judge on Oct. 22 granted the liquidator of a group of insolvent insurers’ application to distribute more than $19 million to certain states’ insurance guaranty associations (Insurance Commissioner of the State of California v. Superior National Insurance Company, No. BS061974, Calif. Super, Los Angeles Co.).

(Order available. Document #10-151120-001R.)

The Los Angeles County Superior Court in 2000 appointed California’s insurance commissioner as conservator of Superior National Insurance Co., Superior Pacific Casualty Co., California Compensation Insurance Co., Combined Benefits Insurance Co. and...
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