Mealey's Insurance - Panel Upholds Insolvent Insurer's Receiver's Denial Of Trustee's $4.3M Claim

Mealey's Insurance - Panel Upholds Insolvent Insurer's Receiver's Denial Of Trustee's $4.3M Claim

SPOKANE, Wash. - A receiver for an insolvent insurer acted lawfully in denying the claim of a trustee of the estate of the bankrupt insurance services company, as assignee of claims from an insolvent management company that the insolvent insurer owes $4.3 million, a Washington appeals panel affirmed March 10 (Mike Kreidler, insurance commissioner v. Cascade National Insurance Co. and James S. Feltman, Chapter 11 trustee for the estate of Certified HR Services Inc., No. 71063-0-1, Wash. App., Div. 1; 2014 Wash. App. LEXIS 551).

Find full version on lexis Advance®
Access this news story on lexis.com®