Georgia Judge Places Insurer With Insufficient Surplus Into Liquidation

(February 3, 2016, 1:54 PM EST) -- ATLANTA — A Georgia judge on Feb. 1 ordered an insurer into liquidation and appointed the state’s insurance commissioner as liquidator (State of Georgia, Ex. Rel., Ralph T. Hudgens, Commissioner of Insurance of the State of Georgia v. Planters & Peoples Mutual Fire Association of Fulton County, No 2016-cv-270705, Ga. Super., Fulton Co.).

(Agreed liquidation order available. Document #10-160226-009R.)

Ralph T. Hudgens, Georgia’s insurance commissioner, petitioned the Fulton County Superior Court for an order placing Planters & Peoples Mutual Fire Association of Fulton County into liquidation....
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