Insurer Backs Insolvent Insurer’s $42M Settlement With Mutual Insured

Mealey's (December 5, 2017, 1:20 PM EST) -- CONCORD, N.H. — After The Home Insurance Co.’s liquidator sought approval of a settlement with an insured for $42 million, an insurer who has a contribution claim against the insured says in a Nov. 30 response to a New Hampshire trial court that it has no objection to the settlement (In the Matter of the Liquidation of The Home Insurance Co., No. 03-E-0106, N.H. Super., Merrimack Co.)....