Liquidator Wants Approval Of $4.5 Million Reinsurance Commutation Agreement

Mealey's (February 21, 2017, 7:25 AM EST) -- CHICAGO — The liquidator of an insolvent insurer on Feb. 2 asked an Illinois court to approve a $4.5 million reinsurance commutation agreement releasing a reinsurer from its obligations related to construction defect claims from homeowners associations (In the matter of the liquidation of Legion Indemnity Co., No. 02 CH 06695, Ill. Cir., Cook Co., Chanc. Div.)....

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