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Mealey's Insurance - Virgin Islands Insurance Commissioner: $1.44M Being Held For Insolvent Insurer

ST. THOMAS, Virgin Islands - A Virgin Islands insurance commissioner filed an accounting and status report on Nov. 4, telling a Virgin Islands federal court that $1.44 million exists in a fund for an insolvent insurer and that no new payments have been made to policyholders (In the matter of Phoenix Fire and Marine Insurance Company Ltd., No. 1991-271, D. Virgin Islands).
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