Insolvent Insurers' Trustee Seeks To Make $49.4M Distribution

Mealey's (August 26, 2020, 3:05 PM EDT) -- LOS ANGELES — California's insurance commissioner as trustee for three insurance trusts on Aug. 10 asked a California trial court for permission to pay additional sums of $49.4 million to creditors, noting that "repayment of creditors is a key goal of any receivership" (Ricardo Lara v. Mission Insurance Company, et al., No. 572-724, Calif. Super., Los Angeles Co.)....