Ideal Mutual Insurance Company (Ideal) organized and operated pursuant to the New York Insurance Law, was placed in rehabilitation on December 26, 1984, and subsequently, on February 7, 1987, was placed in liquidation. The plaintiff, James P. Corcoran, as Superintendent of Insurance, was named the liquidator, as mandated by article 74 of the Insurance Law.
Prior to these events, in May of 1982, defendant National Union Fire Insurance Company of Pittsburgh, Pennsylvania...
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