STORY FROM: Reinsurance & Arbitration

N.J. Appeals Court Thwarts Claimant's Efforts to Reopen Integrity Insurance Liquidation

Insolvency

N.J. Appeals Court Thwarts Claimant's Efforts to Reopen Integrity Insurance Liquidation

TRENTON, N.J. - A New Jersey appeals court has refused to reopen the liquidation of Integrity Insurance Co. to allow a claimant to pursue decades-old proofs of claim, ruling that the liquidation court did not abuse its discretion in approving the final accounting of Integrity's assets and liabilities and closing of the estate.

On Jan. 19, the Superior Court of New Jersey, Appellate Division, found the claimant did not establish that the liquidation court's order was based on a palpably incorrect or irrational basis, or that the judge ...

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