insolvent insurer’s claims News

New York State’s Financial Services Superintendent Ben Lawsky announced the publication of the New York Liquidation Bureau’s 2012 annual report. The report said that last year the Bureau distributed a record $345.6 million in estate assets to insurance policyholders, claimants …

Florida’s high court has ruled that the state fund charged with paying claims from insolvent insurers is not responsible for paying a claimant’s legal fees on a pre-insolvent claim unless they are specifically covered under the terms of their policy. …