Diocese Seeks Liquidation Of Insurer, Reinsurer, Cites ‘Looting’ By Management

(May 1, 2023, 1:40 PM EDT) -- WILMINGTON, Del. — The Roman Catholic Diocese of Brooklyn, N.Y., seeks a writ of mandamus from the Delaware Superior Court to compel the Delaware insurance commissioner to start liquidation proceedings against Arrowood Indemnity Co., asserting that the commissioner is aware of the insolvency and must start liquidation and remove the current management, which purportedly “has been intentionally looting the company.”...