Justice Orders Termination Of Ancillary Receivership Proceeding

(December 7, 2015, 12:08 PM EST) -- NEW YORK — A New York justice on Dec. 3 ordered the termination and closure of the ancillary receivership of an insolvent Pennsylvania insurer (In the Matter of the Ancillary Receivership of PHICO Insurance Company, No. 401785/02, N.Y. Super., New York Co.).

(Order available. Document #10-151224-017R.)

PHICO Insurance Co. was ordered into liquidation in Pennsylvania in February 2002, and that state’s commissioner of insurance was appointed as its liquidator. The New York Supreme Court ordered an ancillary receivership proceeding on May 21, 2002, and New York’s...
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