Justice Approves Commutation Of Reinsurance Covering 1970s Through 1990s

(January 28, 2016, 7:28 AM EST) -- CONCORD, N.H. — A New Hampshire justice on Jan. 4 granted approval of a commutation agreement between an insolvent insurer and a reinsurer that had covered it in the 1970s, ‘80s and ‘90s (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Order available. Document #10-160129-020R.)

The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack County Superior Court. The court appointed New Hampshire’s insurance commissioner as Home’s liquidator.

Roger A. Sevigny, the...
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