Liquidator Asks For Approval Of Settlement Agreement With Reinsurer
(November 12, 2015, 9:47 AM EST) -- CONCORD, N.H. — The liquidator of an insolvent insurer told a New Hampshire court on Nov. 9 that the liquidation estate has concluded an arbitration proceeding and reached a settlement of an asbestos- and silica-related reinsurance dispute (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Liquidator’s motion for approval of settlement with redacted copy of settlement agreement available. Document #10-151120-030M.)
The Merrimack County Superior Court ordered the liquidation of The Home Insurance Co. on June 11, 2003....