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Legislation Details
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File #:
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20-1607
Version:
1
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Name:
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Liquidator of Reliance Insurance Company Reliance Insurance - February 2020
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Type:
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Miscellaneous Item of Business
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Status:
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Approved
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On agenda:
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2/27/2020
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Final action:
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2/27/2020
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Title:
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PROPOSED MISCELLANEOUS ITEM OF BUSINESS
Department: Department of Risk Management
Request: Authorization to accept $250,793.36 as payment from the Liquidator of Reliance Insurance Company.
Summary: Reliance Insurance Company provided general liability and workers' compensation coverage during the construction of the John H. Stroger, Jr. Hospital. As a result of Reliance's liquidation, the County became responsible for funding existing and new general liability and workers' compensation claims. The County assembled and submitted the supporting documentation required to the Liquidator of Reliance Insurance Company. The Commonwealth Court of Pennsylvania approved a distribution of one hundred percent based on the Liquidator's recommendation.
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Indexes:
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DEANNA ZALAS, Director, Department of Risk Management
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title
PROPOSED MISCELLANEOUS ITEM OF BUSINESS
Department: Department of Risk Management
Request: Authorization to accept $250,793.36 as payment from the Liquidator of Reliance Insurance Company.
Summary: Reliance Insurance Company provided general liability and workers’ compensation coverage during the construction of the John H. Stroger, Jr. Hospital. As a result of Reliance’s liquidation, the County became responsible for funding existing and new general liability and workers’ compensation claims. The County assembled and submitted the supporting documentation required to the Liquidator of Reliance Insurance Company. The Commonwealth Court of Pennsylvania approved a distribution of one hundred percent based on the Liquidator’s recommendation.
end
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