Panel Affirms Liquidation Order, Says Insurers’ Holding Company Lacked Standing

(March 7, 2024, 1:52 PM EST) -- RALEIGH, N.C. — The North Carolina Court of Appeals affirmed lower court orders placing insolvent insurers into liquidation and denying an intervenor holding company’s motion for a continuance, finding that the lower court did not err when issuing the orders but that because the intervenor lacked standing to intervene, the orders must be modified to show that the intervenor is not a proper party....