Liquidator Asks Court To OK $15.9 Million Reinsurance Commutation Agreement

(August 19, 2015, 12:17 PM EDT) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer on Aug. 18 asked a Pennsylvania court to approve a nearly $16 million commutation payment from a reinsurer of certain workers’ compensation, general liability and automobile liability policies (In re: Reliance Insurance Co. in liquidation, No. 1 REL 2001, Pa. Cmwlth.)....