Judge Orders Rehabilitation Of Insolvent Illinois Insurers
Mealey's (March 20, 2017, 10:43 AM EDT) -- CHICAGO — An Illinois judge on March 16 ordered the rehabilitation of a pair of insolvent insurers, noting that the insurers’ directors had consented to the rehabilitation (People of the State of Illinois, ex rel., Jennifer Hammer, Director of the Illinois Department of Insurance v .Public Service Insurance Company, an Illinois domestic stock insurance company, et al., No. 2017-CH-03790, Ill. Cir., Cook Co., Chanc. Div.).
(Order available. Document #10-170324-038R.)
The people of the state of Illinois, ex rel., Jennifer Hammer, director of the state’s Department of...