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Imperial Probe Growing Following Liquidation Order

Monday, May 17, 2010 | 0

By Michael Whiteley, Eastern Bureau ChiefOklahoma Insurance Commissioner Kim Holland said Friday her successful bid to shut down Imperial Casualty and Indemnity Co. has blossomed into a federal investigation of two workers' compensation carriers affiliated with the professional employer organization (PEO) industry and now involves other companies tied to Imperial.Holland won approval last Wednesday from Oklahoma District Judge Noma D. Gurich to force Imperial into liquidation.Gurich declared Imperial insolvent based on allegations by Holland that the principals "systematically looted" the ...

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