Pa. High Court Affirms Order Disallowing Funds Diversion By Insurers’ Liquidator

Mealey's (October 24, 2022, 10:47 AM EDT) -- HARRISBURG, Pa. — The Pennsylvania Supreme Court affirmed an appellate court order denying a liquidator’s request for authorization to allocate assets from insolvent insurers’ estates to pay policyholder claims for benefits that exceed applicable statutory guaranty association limits and accrue more than 30 days after the insurance policies were terminated by the liquidations....