Virgin Islands Insurance Commissioner:  $1.44M Being Held For Insolvent Insurer

(November 6, 2019, 1:33 PM EST) -- ST. THOMAS, Virgin Islands — A Virgin Islands insurance commissioner filed an accounting and status report on Nov. 4, telling a Virgin Islands federal court that $1.44 million exists in a fund for an insolvent insurer and that no new payments have been made to policyholders (In the matter of Phoenix Fire and Marine Insurance Company Ltd., No. 1991-271, D. Virgin Islands)....