Justice Seeks Input Regarding Liquidator’s Authority To Enter Agreement
(June 22, 2016, 2:04 PM EDT) -- NEW YORK — A New York justice on June 17 issued an order to show cause, asking for input on a proposed order giving the liquidator of an insolvent insurer the authority to enter into an early access agreement with certain states’ insurance guaranty associations (In the Matter of the Rehabilitation of Professional Liability Insurance Company of America, No. 400986/2010, N.Y. Sup., New York Co.).
(Order to show cause available. Document #10-160624-042R.)
The Cook County, Ill., Circuit Court, Chancery Division, placed Professional Liability Insurance Company of...