California Judge Gives Liquidator OK To Distribute More Than $54M
Mealey's (October 22, 2015, 12:13 PM EDT) -- SAN FRANCISCO — A California judge on Oct. 8 granted the liquidator of an insolvent insurer’s request to allow a distribution of $35 million to certain insurance guaranty associations and nearly $19 million to certain policyholders (Insurance Commissioner of the State of California v. Western Employers Insurance Company, No. CPF-97-984281, Calif. Super., San Francisco Co., Civil Div.).
(Order available. Document #10-151023-019R.)
Western Employers Insurance Co. (WEIC) wrote workers’ compensation and general liability insurance policies. Certain general liability claims made against WEIC include a large number of...