New York Justice Orders Ancillary Receivership For Insolvent Insurer’s Subsidiary

Mealey's (December 22, 2020, 8:55 AM EST) -- NEW YORK — A New York justice on Dec. 16 ordered an ancillary receivership for American Country Insurance Co. (ACIC), an insolvent insurer’s subsidiary, and appointed New York Superintendent of Financial Services Linda A. Lacewell as receiver (In the matter of the ancillary receivership of American Country Insurance Company, 452250/2020, N.Y. Sup., New York Co.)....