We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Justice Asks Parties To Show Cause Regarding Closure Of Ancillary Receivership

(October 20, 2015, 1:42 PM EDT) -- NEW YORK — A New York justice on Oct. 7 issued an order to show cause, asking for input into the proposed termination of the ancillary receivership of an insolvent out-of-state insurer (In the Matter of the Ancillary Receivership of PHICO Insurance Company, No. 401785/02, N.Y. Super., New York Co.).

(Order to show cause available. Document #10-151023-013R.)

The PHICO Insurance Co. was placed into liquidation in Pennsylvania in February 2002, and that state’s commissioner of insurance was appointed as its liquidator. An ancillary receivership proceeding was...
To view the full article, register now.