United States:
Reliance Liquidation Court Approves Application For Direct Payments From Reliance's Reinsurers To Certain Insureds
15 September 2016
Carlton Fields
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Recently, there have been several developments in the ongoing
liquidation of Reliance Insurance Company. The liquidation court
recently approved the application for the assumption by one of
Reliance's reinsurers,
EFH Vermont Insurance Company, of a direct coverage obligation
to Reliance's insured, LSGT Gas Company LLC, and
approved the direct payment to LSGT from EFH. The liquidation
court also approved the application for the assumption by another
of Reliance's reinsurers,
NAFCO Insurance Company, Ltd., of a direct coverage obligation
to Reliance's insured, Carlson Holdings, Inc., and
approved the direct payment to Carlson from NAFCO.
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