Justice Asks Why Ancillary Receivership For Insurer Should Not Be Granted

Mealey's (November 20, 2020, 9:53 AM EST) -- NEW YORK — A New York justice on Nov. 16 asked for parties, including the Illinois insurance director, to show cause why an ancillary receivership proceeding should not be ordered against American Service Insurance Co. (ASIC), an insolvent Illinois insurer (In the matter of American Service Insurance Company, 452249/2020, N.Y. Sup., New York Co.)....