Virgin Islands Insurance Commissioner Says $1.44M Held For Insolvent Insurer

(February 10, 2020, 1:46 PM EST) -- ST. THOMAS, Virgin Islands — A Virgin Islands insurance commissioner on Feb. 10 updated a Virgin Islands federal court, telling the court that $1.44 million exists in a fund for an insolvent insurer and that no new payments have been made to policyholders (In the matter of Phoenix Fire and Marine Insurance Company Ltd., No. 1991-271, D. Virgin Islands)....