Judge Finds Insurers Insolvent, Orders Them Into Liquidation

(April 29, 2016, 12:02 PM EDT) -- EAST BATON ROUGE, La. — A Louisiana judge on April 11 ordered two affiliated insurers out of rehabilitation and into liquidation (James J. Donelon, Commissioner of Insurance for the State of Louisiana v. Affirmative Casualty Insurance Company, et al., No. 642,353, La. 19th Dist., East Baton Rouge Parish).

(Order available. Document #10-160527-002R.)

James J. Donelon, Louisiana’s commissioner of insurance, petitioned the Parish of East Baton Rouge 19th Judicial District Court on Sept. 17, 2015, for an order placing Affirmative Casualty Insurance Co. and Affirmative Direct Insurance...
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