Justice: Parties Should Say Why Ancillary Receivership Should Not Be Closed

(October 21, 2015, 11:21 AM EDT) -- NEW YORK — A New York justice on Oct. 6 issued an order to show cause, requesting comments regarding the proposed termination of the ancillary receivership of an insolvent California insurer (In the Matter of the Ancillary Receivership of Commercial Compensation Casualty Company, No. 404461/00, N.Y. Super., New York Co.).

(Order to show cause available. Document #10-151023-014R.)

The Commercial Compensation Casualty Co. (Commercial Comp) was ordered into liquidation in California on Sept. 26, 2000, and that state’s insurance commissioner was appointed as its statutory liquidator. An...
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