New York Justice Orders Ancillary Receivership For Insolvent Illinois Insurer

Mealey's (December 8, 2020, 1:02 PM EST) -- NEW YORK — A New York justice on Dec. 2 ordered an ancillary receivership for American Service Insurance Co. (ASIC), an insolvent Illinois insurer, and named New York Superintendent of Financial Services Linda A. Lacewell as ancillary receiver (In the matter of the ancillary receivership of American Service Insurance Company, 452249/2020, N.Y. Sup., New York Co.)....