Judge OKs $330,117 Settlement Between Liquidation Estate, Guaranty Associations

(October 28, 2015, 12:22 PM EDT) -- HARRISBURG, Pa. — A Pennsylvania judge on Oct. 23 approved a settlement agreement between the estate of an insolvent insurer and a number of 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; California Insurance Guarantee Association, Objector v. Reliance Insurance Company in Liquidation, No. 4 REL 2014, Pa. Cmwlth.).

(Order available. Document #10-151120-004R.)

The Pennsylvania Commonwealth Court placed Reliance Insurance Co. into liquidation on...
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