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Regulators Seeking to Close Liquidation of Consolidated Mutual

Tuesday, July 23, 2013 | 0

The New York Liquidation Bureau has asked the state Supreme Court to close out the liquidation proceeding involving workers' compensation carrier Consolidated Mutual Insurance Co., to authorize continued payment of administrative costs and to disburse the assets of the failed carrier.The Supreme Court of New York has scheduled a liquidation hearing for Sept. 20 in Brooklyn, N.Y. Acting Special Deputy Superintendent of Financial Services Michael Casey said in a regulatory notice that persons wishing to object to the liquidation must file objections at least seven days prior to the hearing w...

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