Judge OKs $5.5 Million Settlement Between Insolvent Insurer And Insureds

(May 17, 2016, 10:29 AM EDT) -- CONCORD, N.H. — A New Hampshire judge on May 5 approved the recommendation of an insolvent insurer’s liquidator that the liquidation estate settle a number of proofs of claim for $5.5 million (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Order available. Document #10-160527-036R.)

The Home Insurance Co. was ordered into liquidation on June 11, 2013, by the Merrimack County Superior Court. Roger A. Sevigny is the state’s current insurance commissioner and Home’s liquidator.

The liquidator moved...
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