Judge Approves Agreement Between Special Funds Committee And Liquidator
Mealey's (May 23, 2016, 12:00 PM EDT) -- CHICAGO — An Illinois judge on May 19 approved the settlement of an asbestos-related workers’ compensation lien between the liquidator of an insolvent insurer and an out-of-state injury fund (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the state of Illinois v. Lumbermens Mutual Casualty Co., No. 12-24227, Ill. Cir., Cook Co.).
(Order available. Document #10-160527-042R.)
Cook County Circuit Court Judge Kathleen M. Pantle declared Lumbermens Mutual Casualty Co. (LMC) to be insolvent on May 10, 2013. The judge granted...