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MATTER OF AM. RE-INS. CO. v. SCHENCK

47 A.D.2d 517 (1975)

In the Matter of American Re-Insurance Company, Petitioner, v. Benjamin R. Schenck, as Superintendent of Insurance of State of New York, Respondent, and American International Group, Inc., et al., Intervenors-Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

January 28, 1975

Respondent and intervenors-respondents shall recover of petitioner one bill of $60 costs and disbursements of this proceeding. In confirming, we have evaluated the challenges of the petitioner to the Superintendent's determination, and we find them insufficient to support a conclusion that the determination was either irrationally based or unsupported by substantial evidence. Section 69-f of the Insurance Law does require the approval by the Superintendent of an acquisition...

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