Judge Approves Reinsurance Commutation Agreement For Insolvent Insurer

(February 21, 2017, 11:57 AM EST) -- CHICAGO — An Illinois judge on Feb. 16 approved the commutation of certain reinsurance contracts covering third-party construction defect claims in an agreement between a reinsurer and an insolvent insurer (In the matter of the liquidation of Legion Indemnity Co., No. 02 CH 06695, Ill. Cir., Cook Co., Chanc. Div.)....

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