Insurers Say Settlement Between Liquidator And Insured Has No Effect On Them
(November 3, 2016, 10:28 AM EDT) -- CONCORD, N.H. — Two insurers told a New Hampshire court on Nov. 1 that the proposed settlement between the liquidator of an insolvent insurer and a shared insured does not change anything regarding the insurers’ relationship with their insured or the insolvent insurer (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Response to motion for approval of settlement agreement available. Document #10-161129-003B.)
The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack...