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MATTER OF RELIANCE INSURANCE COMPANY.

41 A.D.3d 148 (2007)

837 N.Y.S.2d 640

In the Matter of Ancillary Receivership of RELIANCE INSURANCE COMPANY. GZA GEOENVIRONMENTAL, INC., Appellant; NEW YORK STATE LIQUIDATION BUREAU, Respondent.

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

Decided June 7, 2007.

The liquidator was not required to pay the claim resulting from the settlement. Its denial of the claim on the ground the settlement violated the stay was rational and within its broad power to implement the legislative policy embodied in the statutory liquidation scheme (see generally Matter of New York Pub. Interest Research Group v New York State Dept. of Ins., 66 N.Y.2d 444, 448 [1985]). Contrary to claimant's contention, the...

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