By order entered on or about April 3, 1986, Supreme Court (Thomas J. Hughes, J.) placed Midland Insurance Company in liquidation and permanently enjoined the commencement and prosecution of all actions against it (see Insurance Law § 7419 [b]). Everest Reinsurance Company entered into excess of loss reinsurance treaties and facultative reinsurance certificates with Midland for policy periods in the 1970s and 1980s (collectively, the reinsurance contracts).
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IN THE MATTER OF MIDLAND INSURANCE COMPANY
Nos. 4195, 41294/86, 4195A.
87 A.D.3d 487 (2011)
929 N.Y.S.2d 116
2011 NY Slip Op 6324
In the Matter of the Liquidation of MIDLAND INSURANCE COMPANY. EVEREST REINSURANCE COMPANY, Appellant-Respondent, v. JAMES J. WRYNN, Superintendent of Insurance of the State of New York, et al., Respondents-Appellants, and BAXTER INTERNATIONAL INC., Intervenor-Respondent.
Appellate Division of the Supreme Court of New York, First Department.https://leagle.com/images/logo.png
Decided August 25, 2011.
Decided August 25, 2011.
Appellate Division of the Supreme Court of New York, First Department.
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