Policyholder Committee Gives Court Its View On Restructuring Plan

Mealey's (January 26, 2017, 8:21 AM EST) -- HARRISBURG, Pa. — A committee representing policyholders of two insolvent insurers told a Pennsylvania court on Jan. 4 that it does not oppose the rehabilitator’s plan to restructure policies  but that it has reservations regarding any changes to existing claims administration procedures (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.)....

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