Panel:  Insolvent Insurer’s Reinsurer Can’t Claim Attorney Fees As General Creditor

(May 15, 2023, 4:47 PM EDT) -- CHICAGO — An Illinois appellate court affirmed a lower court’s determination that an insolvent insurer’s reinsurer seeking payment of a judgment for unpaid premiums, attorney fees and arbitration interest had a claim of a general creditor, rather than one for costs and expenses of administration, finding that based on statutory language and case law, the trial court correctly determined the reinsurer’s priority level....