Insurers: Settlement Does Not Affect Relationship With Liquidation Estate
Mealey's (April 26, 2016, 12:03 PM EDT) -- CONCORD, N.H. — Two insurers that issued policies to the same companies covered by an insolvent insurer told a New Hampshire court on April 18 that the insolvent insurer’s liquidator’s settlement with a shared insured cannot be allowed to affect their claims (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Response available. Document #10-160527-001B.)
Home Insurance Co. was ordered into liquidation on June 11, 2013, by the Merrimack County Superior Court. Roger A. Sevigny is New Hampshire’s...