Declaring Philadelphia-based Reliance Insurance Co. insolvent, the Commonwealth Court of Pennsylvania placed the company into liquidation Wednesday and ordered a 90-day stay on litigation against all Reliance insureds. Judge James Gardner Colins entered the 12-page order after a petition from state Insurance Commissioner M. Diane Koken. Reliance's insolvency is one of the largest in the nation's history, attorney David F. Simon said.
October 04, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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