Liquidator Asks Court To Allow Insured To Receive Direct Reinsurance Payments
(December 4, 2015, 10:21 AM EST) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer asked a Pennsylvania court on Nov. 17 to approve a direct payment cut-through provision of a reinsurance agreement, thus allowing reinsurance payments to be made from the insurer’s captive reinsurer to the insurer’s insured (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).