Judge Says Further Attempts To Rehabilitate Insolvent Insurer Would Be Futile

(February 11, 2016, 1:31 PM EST) -- SALT LAKE CITY — A Utah judge on Jan. 13 ordered an insolvent insurer out of rehabilitation and into liquidation, noting that any further attempts at rehabilitation would be futile (In re: Arches Mutual Insurance Company, No. 150907803, Utah. Dist., Salt Lake Co.).

(Liquidation order available. Document #10-160226-016R.)

Judge Royal I. Hansen of the Salt Lake County District Court ordered Arches Mutual Insurance Co. into rehabilitation on Nov. 2. The judge appointed Todd E. Kiser, the state’s insurance commissioner, as rehabilitator.

The commissioner moved for an...
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