Judge Approves Settlement Agreement Grossing Insolvent Insurer $200,000

(June 16, 2016, 12:58 PM EDT) -- CHICAGO — An Illinois judge on June 2 approved a $200,000 settlement of litigation brought by an insolvent insurer against a pair of health plans (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the State of Illinois v. Concert Health Plan Insurance Company, No. 13-CH-27224, Ill. Cir., Cook Co.).

(Order available. Document #10-160624-029R.)

Cook County Circuit Court Judge Franklin Ulysses Valderrama ordered the liquidation of Concert Health Plan Insurance Co. (CHP) on Aug. 22, 2013. The judge found that Concert...
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