Rehabilitator Asks Court To Convert Penn Treaty’s Rehabilitation To Liquidation
(August 3, 2016, 10:40 AM EDT) -- HARRISBURG, Pa. — The rehabilitator of Penn Treaty Network American Insurance Co. (PTNA) petitioned a Pennsylvania court on July 27 to convert the insurer’s rehabilitation to a liquidation, claiming that further efforts at rehabilitation would be futile (In Re: Penn Treaty Network America Insurance Company in Rehabilitation and In re: American Network Insurance Company in Rehabilitation, Nos. 1 PEN 2009 & 1 ANI 2009, Pa. Cmwlth.).
(Petition to convert PTNA’s rehabilitation to liquidation available. Document #10-160826-015X.)
The rehabilitations of PTNA and its subsidiary American Network Insurance...