Judge: Insolvent Insurer’s Insured Is Eligible For $700,000 Distribution
Mealey's (February 25, 2016, 7:12 AM EST) -- CHICAGO — An Illinois judge on Feb. 10 granted the liquidator of an insolvent insurer’s recommendation that an insured be deemed eligible for the reimbursement of $700,000 it paid in a wrongful death suit (In the matter of the liquidation of Legion Indemnity Co., No. 02 CH 06695, Ill. Cir., Cook Co., Chanc. Div.).
(Order available. Document #10-160226-022R.)
Legion Indemnity Co. was found insolvent and ordered into liquidation by Cook County Circuit Court, Chancery Division, Judge Patrick McGann. The state’s director of insurance was named as...