Connecticut Insurance Commissioner Sullivan at Legal Seminar
Connecticut's top insurance official, Commissioner Thomas R. Sullivan, has agreed to speak at NOLHGA's Legal Seminar, being held July 15-16, 2010, at the Marriott Marquis in New York City. Commissioner Sullivan will join a panel discussing financial services reform and its implications for the insurance industry.
Commissioner Sullivan, a lifelong resident of Connecticut, has served over 20 years in the insurance industry, rising through various levels of management and executive positions at The Hartford and its wholly owned subsidiary, Specialty Risk Services, LLC. He was appointed Connecticut's 30th Insurance Commissioner by Governor M. Jodi Rell in April 2007. Since joining the Connecticut Insurance Department, Commissioner Sullivan has instituted many reforms aimed at making the agency more responsive to consumers, policymakers, and the insurance industry. He has also been an active member of the National Association of Insurance Commissioners. He earned a Bachelor of Science Degree in Justice and Law Administration from Western Connecticut State University and a Master of Business Administration Degree from the University of Connecticut.
NOLHGA's 2010 Legal Seminar will be held July 15-16 at New York's Marriott Marquis in Times Square (an MPC meeting will be held on July 13 and 14). Hotel reservations, online registration, and other meeting information can be found on the meeting Web page. For hotel reservations, the NOLHGA rate for meeting nights is $199/night plus tax; some additional nights are in the NOLHGA room block at a discounted rate of $259/night.
Staff Contact - Consumers United Insurance Company (Delaware)Hearing Scheduled in Consumers United Matter
On May 24, 2010, Consumers United Insurance Company in Liquidation filed its Tenth Claim Recommendation and Report with the Delaware liquidation court. Among other matters, the receiver seeks the court's approval of a plan to make a one-time distribution to the estate's uncovered policyholders, bringing their recovery to 35% of their claim, in addition to a distribution to the guaranty associations bringing their distributions to 32% of their claim. The proposal, which was suggested as a means to achieve an overall cost savings to the estate by ending the estate's involvement with the uncovered policyholders and eliminating the requirement of costly notices and further mailings, was discussed and accepted by the CUIC Task Force. Copies of the pleadings together with an explanatory memorandum will be distributed to the affected associations.
The receiver's filing also appears to seek approval of guaranty association Class II (administrative expense) and Class III (policyholder benefit) claims; however, the court has already approved these in connection with a previous filing. Objections to any of the above matters must be filed by July 6, and a hearing is scheduled for July 15.
Task Force Chair - Peggy Parker; Staff Contact -