Justice Terminates Ancillary Receivership Proceeding, Discharges Ancillary Receiver

(May 17, 2016, 7:13 AM EDT) -- NEW YORK — A New York justice on May 5 ordered the termination of the ancillary receivership of a New Jersey insurer in liquidation (In the Matter of the Ancillary Receivership of Newark Insurance Company, No. 400874/09, N.Y. Sup., New York Co.).

(Order available. Document #10-160527-035R.)

Newark Insurance Co. on Aug. 9, 2007, was placed into liquidation in New Jersey, and the state’s insurance and banking commissioner was appointed Newark’s domiciliary liquidator.

The New York Supreme Court appointed New York’s superintendent of insurance as Newark’s ancillary...
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