Justice Wants Input Regarding Reinsurance Recoverables Assignment Agreement

(July 13, 2016, 10:47 AM EDT) -- NEW YORK — A New York justice on June 24 issued an order to show cause regarding a proposed agreement assigning certain reinsurance recoverables to an assets collection company (In the Matter of the Liquidation of ICM Insurance Company, No. 452122/13, N.Y. Sup., New York Co.).

(Order to show cause available. Document #12-160715-005R.)

The New York County Supreme Court ordered ICM Insurance Co. into liquidation on Dec. 24, 2013, and appointed the state’s superintendent of financial services as liquidator.

Maria T. Vullo, New York’s current superintendent...
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