Panel Issues Ruling In $5M Enforcement Action Against Owner Of Insolvent Insurers

( December 14, 2023, 1:13 PM EST) -- RALEIGH, N.C.  — A North Carolina appeals court vacated a lower court injunction enjoining the owner of insolvent insurers from withdrawing without the North Carolina Insurance commissioner’s consent more than $5,000 from any entity controlled by the owner in an enforcement action for a $524,009,051.26 judgment, finding that the lower court lacked jurisdiction to issue the injunction....

Attached Documents

Related Sections