Justice Gives OK To Insolvent Insurer’s Commutation Agreement With Reinsurer

(January 15, 2016, 7:38 AM EST) -- CONCORD, N.H. — A New Hampshire justice on Jan. 4 approved a reinsurance commutation agreement between an insolvent insurer and one of its reinsurers (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Order available. Document #10-160129-009R.)

The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack County Superior Court. The court appointed New Hampshire’s insurance commissioner as Home’s liquidator.

Roger A. Sevigny, the state’s current insurance commissioner and Home’s liquidator, moved for...
To view the full article, register now.