California Judge Approves Final $80M Distribution, Closes Insurer’s Estate

Mealey's (January 17, 2020, 8:20 AM EST) -- LOS ANGELES — A California judge on Dec. 4 approved the state’s insurance commissioner’s application for a final distribution of approximately $80 million to occur by July 1 and to close the estate of Executive Life Insurance Co. (ELIC) (Insurance Commissioner of the State of California v. Executive Life Insurance Co., No.BS 006912,Calif. Super., Los Angeles Co.)....