Judge: Insolvent Insurer’s, Insured’s Settlement Is Reasonable And Prudent

(May 13, 2016, 7:20 AM EDT) -- CONCORD, N.H. — A New Hampshire judge on May 5 approved the liquidator of an insolvent insurer’s and two insureds’ $1.6 million settlement of certain asbestos-related proofs of claims (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Order available. Document #10-160527-032R.)

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

Roger A. Sevigny, New Hampshire’s insurance commissioner and Home’s...
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