Justice OKs Commutation Agreement About Reinsurance From 1960s And 1970s
(July 20, 2016, 9:38 AM EDT) -- CONCORD, N.H. — A New Hampshire justice on July 8 approved a reinsurance commutation agreement between the liquidator of an insolvent insurer and the manager of a certain reinsurance pool covering reinsurance of the insolvent insurer from the 1960s and 1970s (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Order available. Document #10-160722-025R.)
The Home Insurance Co. was placed into liquidation by the Merrimack County Superior Court on June 11, 2013. Roger A. Sevigny is the state’s...