Judge OKs Closure Of Insolvent Insurer’s Liquidation Estate
Mealey's (January 7, 2016, 10:13 AM EST) -- SAN FRANCISCO — A California judge on Dec. 31 approved a liquidator’s request to close an insolvent insurer’s liquidation estate now that all possible reinsurance proceeds have been collected (Insurance Commissioner of the State of California v. HIH America Compensation & Liability Insurance Company, No. CPF-01-320049, Calif. Super., San Francisco Co.).
(Order available. Document #10-160129-005R.)
HIH America Compensation & Liability Insurance Co., a California domiciled insurance company, was placed into conservation on March 30, 2001, and into liquidation on May 8, 2001, by the San Francisco...