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    The Department Of Banking And Insurance Orders Imposition Of A Surcharge For Recoupment Of Guaranty Association Assessments
    2017-08-08

    The Commissioner, State of New Jersey Department of Banking and Insurance (Commissioner) authorized recoupment of guaranty fund assessments by way of a policyholder surcharge (Recoupment Order). By Order No. A17-110, dated August 3, 2017, http://www.state.nj.us/dobi/orders/a17_110.pdf. The Recoupment Order comes in response to a bulletin issued by the New Jersey Property-Liability Insurance Guaranty Association (NJPLIGA), May 12, 2017 Bulletin 2017-003.

    Filed under:
    USA, New Jersey, Insolvency & Restructuring, Insurance, Bressler, Amery & Ross PC
    Authors:
    Cynthia J. Borrelli
    Location:
    USA
    Firm:
    Bressler, Amery & Ross PC
    New York Court Enters an Order of Liquidation With Respect to Health Republic Insurance of New York
    2016-05-12

    On May 10, 2016, the Supreme Court of the State of New York, New York County, entered an Order of Liquidation as to Health Republic Insurance of New York (HRINY) based upon a petition filed by the Acting Superintendent of the New York Department of Financial Services, Maria Vullo.  The Order was entered upon the filing of an 

    Filed under:
    USA, New York, Insolvency & Restructuring, Insurance, Litigation, Bressler, Amery & Ross PC, Liquidation
    Authors:
    Cynthia J. Borrelli
    Location:
    USA
    Firm:
    Bressler, Amery & Ross PC
    After Months of Uncertainty, NY DFS Petitions to Place Health Republic Insurance of New York in Liquidation
    2016-04-25

    On April 22, 2016, the Superintendent of the New York Department of Financial Services ("DFS") commenced a liquidation proceeding for Health Republic Insurance of New York ("HRINY") by filing an Order to Show Cause and Verified Petition in the Supreme Court of the State of New York. HRINY has consented to the liquidation.

    Filed under:
    USA, New York, Insolvency & Restructuring, Insurance, Litigation, Bressler, Amery & Ross PC, General counsel, Liquidation
    Authors:
    Cynthia J. Borrelli
    Location:
    USA
    Firm:
    Bressler, Amery & Ross PC
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