Justice OKs Liquidator’s Agreement With Insurance Guaranty Associations

(September 1, 2015, 8:48 AM EDT) -- NEW YORK — A New York justice on Aug. 27 approved the liquidator of an insolvent insurer’s entry into an agreement with certain states’ insurance guaranty associations (In the Matter of the Liquidation of Centennial Insurance Company, No. 402424/10, N.Y. Super., New York Co.).

(Order available. Document #10-150925-004R.)

Centennial Insurance Co. was ordered into rehabilitation by Justice Eileen A. Rakower in the New York County Supreme Court on Sept. 14, 2010.

Justice Rakower ordered Centennial into liquidation on April 27, 2011, and appointed the state’s superintendent...
To view the full article, register now.