Bonding Company’s Objection Overruled In Row With Insolvent Insurer’s Liquidator

(February 16, 2024, 1:39 PM EST) -- HARRISBURG, Pa. — A Pennsylvania appellate court on Feb. 15 overruled an insurance bonding company’s objection in a suit filed against it by the Pennsylvania insurance commissioner, as liquidator for an insolvent insurer, seeking to void the insurer’s $3.02 million wire transfer to the bonding company, finding that the objection must be overruled because the transfer is voidable as a preferential transfer....

Attached Documents

Related Sections