Court Told Insolvent Insurer Has $1.44M In Funds, No New Claims

Mealey's (November 13, 2018, 7:23 AM EST) -- ST. THOMAS, Virgin Islands — Noting a new deposit, a Virgin Islands insurance commissioner filed an accounting and status report on Nov. 2, telling a Virgin Islands federal court that there are no new claims and that the amount being held for an insolvent insurer is $1.44 million (In the matter of Phoenix Fire and Marine Insurance Company Ltd., No. 1991-271, D. Virgin Islands)....