Liquidator Says Insurance Guarantor Should Get Its Expenses From State Deposits
(July 18, 2016, 12:44 PM EDT) -- CHICAGO — The liquidator of an insolvent insurer told an Illinois court on June 29 that California’s insurance guaranty association should collect reimbursement for its administrative expenses from monies deposited in California (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.).
(Response available. Document #10-160722-017B.)
Cook County Circuit Court Judge Kathleen M. Pantle found Lumbermens Mutual Casualty Co. to be insolvent on May 10, 2013, and...