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Justice Asks For Input Regarding Fate Of Ancillary Receivership

(August 24, 2016, 10:26 AM EDT) -- NEW YORK — A New York justice on Aug. 16 asked interested parties to comment on a possible order ending the ancillary receivership of an insolvent Pennsylvania insurer (In the Matter of the Ancillary Receivership of First Sealord Surety, Inc., No. 400563/13, N.Y. Sup., New York Co.).

(Order to show cause available. Document #10-160826-024R.)

The Pennsylvania Commonwealth Court ordered First Sealord Surety Inc. into liquidation on Feb. 8, 2012. Michael F. Consedine, then Pennsylvania’s insurance commissioner, and his successors in office were appointed First Sealord’s statutory...
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