Justice Orders Closure Of California Insurer’s Ancillary Receivership Proceeding

(December 4, 2015, 7:55 AM EST) -- NEW YORK — A New York justice on Nov. 6 ordered the 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 available. Document #10-151224-012R.)

The Commercial Compensation Casualty Co. (Commercial Comp) was ordered into liquidation by a California court on Sept. 26, 2000, and that state’s insurance commissioner was appointed as its statutory liquidator. An ancillary receivership proceeding was ordered by the New York Supreme...
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