Judge OKs Liquidator’s Recommendation To Pay Construction Defect Claim

Mealey's (December 15, 2015, 10:29 AM EST) -- CHICAGO — An Illinois judge on Dec. 10 granted the liquidator of an insolvent insurer’s motion to approve a $129,069.40 claim recommendation regarding an underlying construction defect of the claimants’ condominium (In the Matter of the Liquidation of Statewide Insurance Company, No. 04-CH-00150, Ill. Cir., Cook Co.).

(Order available. Document #10-151224-025R.)

The Cook County Circuit Court found Statewide Insurance Co. insolvent and placed it into liquidation on Jan. 6, 2004. The state’s then director of insurance, J. Anthony Clark, was named Statewide’s liquidator.

James A. Stephens...
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