File #: 20-1607    Version: 1 Name: Liquidator of Reliance Insurance Company Reliance Insurance - February 2020
Type: Miscellaneous Item of Business Status: Approved
File created: 2/10/2020 In control: Board of Commissioners
On agenda: 2/27/2020 Final action: 2/27/2020
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.
Indexes: DEANNA ZALAS, Director, Department of Risk Management

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