Liquidator Asks Court’s OK To Pay $90 Million To Guaranty Associations

(December 18, 2015, 9:35 AM EST) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer on Dec. 17 asked a Pennsylvania court to approve more than $90 million of undisputed claims to certain states’ insurance guaranty associations (In re: Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.).

(Application available. Document #10-151224-030X.)

The Pennsylvania Commonwealth Court ordered Reliance Insurance Co. into liquidation on Oct. 3, 2001, and appointed the state’s insurance commissioner as liquidator.

Teresa D. Miller, Pennsylvania’s current insurance commissioner, says in her application for approval of her report...
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