Liquidator Asks Court To Approve Direct Payments From Reinsurer To Insured

(February 7, 2017, 11:07 AM EST) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer asked a Pennsylvania court on Feb. 3 to approve a cut-through arrangement by which a reinsurer will make direct payments to an insured, leaving the liquidation estate out of the transactions (In re:  Reliance Insurance Company in Liquidation, No. 1 REL 2001, Pa. Cmwlth.)....