Justice Asks For Input Regarding Proposed End To Ancillary Receivership

(February 29, 2016, 9:57 AM EST) -- NEW YORK — A New York justice on Feb. 25 issued an order to show cause why the court should not terminate the ancillary receivership of a New Jersey insurer doing business in New York (In the Matter of the Ancillary Receivership of Newark Insurance Company, No. 400874/09, N.Y. Sup., New York Co.).

(Order to show cause available. Document #10-160325-001R.)

Newark Insurance Co. was placed into liquidation in New Jersey on Aug. 9, 2007, and New Jersey’s insurance and banking commissioner was appointed Newark’s domiciliary liquidator....
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