Judge Approves Settlement Of Insolvent Insurer’s Workers’ Compensation Lien
(November 3, 2015, 9:42 AM EST) -- CHICAGO — An Illinois judge on Oct. 26 approved the settlement of an insolvent insurer’s $61,263.38 workers’ compensation lien, with $15,000 going to the insurer’s liquidation estate (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the state of Illinois v. Lumbermens Mutual Casualty Co., No. 12-24227, Ill. Cir., Cook Co.).
(Order available. Document #10-151120-014R.)
Judge Kathleen M. Pantle of the Cook County Circuit Court found Lumbermens Mutual Casualty Co. to be insolvent on May 10, 2013, and granted Illinois’ then...