Judge Orders Termination, Final Distribution Of Insurer’s Conservatorship

Mealey's (November 10, 2015, 12:26 PM EST) -- SAN FRANCISCO — A California judge on Nov. 5 ordered the end of the conservatorship of an insurer and authorized a final $3.1 million distribution to a liquidating trust (Dave Jones, Insurance Commissioner of the State of California v. Majestic Insurance Company, No. CPF-11-511261, Calif. Super., San Francisco Co.).

(Order available. Document #10-151120-028R.)

The San Francisco County Superior Court placed Majestic Insurance Co. into conservatorship on April 21, 2011. California’s insurance commissioner, Dave Jones, was named Majestic’s conservator.

The conservator asked the court on Sept. 22,...
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