LIQUIDATION OF INTEGRITY INS. CO.


935 A.2d 1184 (2007)

193 N.J. 86

In the Matter of the LIQUIDATION OF INTEGRITY INSURANCE COMPANY.

Supreme Court of New Jersey.

Decided December 13, 2007.


Attorney(s) appearing for the Case

Donald W. Kiel, Newark, argued the cause for intervenor-appellant, American Standard Companies Inc. (Kirkpatrick & Lockhart Nicholson Graham, attorneys; Mr. Kiel and Mark S. Morgan, of counsel and on the briefs).

David A. Mazie, Roseland, argued the cause for appellant, Commissioner of the New Jersey Department of Banking and Insurance, in his capacity as Liquidator of the Estate of Integrity Insurance Company (Mazie Slater Katz & Freeman, attorneys; Mr. Mazie, David M. Freeman and Beth G. Baldinger, of counsel and on the brief).

Michael R. Cole, argued the cause for respondent, Reinsurance Association of America (Decotiis, Fitzpatrick, Cole & Wisler, Teaneck and Budd Larner, attorneys; Joseph J. Schiavone, Jeffrey S. Leonard and Christopher P. Anton, Short Hills, on the briefs).

Robert P. Haney, Jr., New York City, submitted a brief on behalf of amicus curiae, Foster Wheeler L.L.C.


Justice RIVERA-SOTO delivered the opinion of the Court.

This appeal presents the latest — and not yet final — chapter in the now almost twenty-one-year-old liquidation of Integrity Insurance Company (Integrity). Determining that claims against Integrity's reinsurers that have been incurred but not reported (IBNR claims) could be included as part of the most recent final distribution plan, the Chancery Division also established a mechanism, via a special...

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