Consedine v. Penn Treaty Network Am. Ins. Co.
Decision Date | 18 January 2013 |
Citation | 63 A.3d 368 |
Parties | Michael F. CONSEDINE, Insurance Commissioner of the Commonwealth of Pennsylvania, Plaintiff v. PENN TREATY NETWORK AMERICA INSURANCE COMPANY, Defendant. Michael F. Consedine, Insurance Commissioner of the Commonwealth of Pennsylvania, Plaintiff v. American Network Insurance Company, Defendant. Re: Petition for Liquidation of Penn Treaty Network America Insurance Company (In Rehabilitation) and American Network Insurance Company (In Rehabilitation). |
Court | Pennsylvania Commonwealth Court |
OPINION TEXT STARTS HERE
Thomas S. Harty, James R. Potts and Mia Meloni, Philadelphia, for rehabilitator.
Douglas Y. Christian, Damian L. DiNicola and Benjamin Schmidt, Philadelphia, for Penn Treaty American Corporation.
OPINION AND ORDER
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13 cases
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In re Senior Health Ins. Co. of Pa.
...choices available under liquidation. The court referred to the experience of the liquidation of a long-term care insurer in Consedine v. Penn Treaty, 63 A.3d 368 (Pa. Cmwlth. 2012) ("Penn Treaty"), affirmed Consedine v. Perm Treaty, 632 Pa. 272, 119 A.3d 313 (2015) (upholding Commonwealth C......
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Ted Nickel & Office of the Comm'r of Ins. v. Wells Fargo Bank/Trustee of Bondholders, Bank of N.Y. Mellon & Deutsche Bank Nat'l Trust Co. (In re Rehab. of Segregated Account of Ambac Assurance Corp.)
...is per se invalid unless every policyholder will fare as well in rehabilitation as in liquidation.” Consedine v. Penn Treaty Network Am. Ins. Co., 63 A.3d 368, 453 (Pa.Commw.Ct.2012). Rather, the Supreme Court's focus in Neblett was on whether the rehabilitation plan at issue in that case w......
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In re Senior Health Ins. Co. of Pa. in Rehab.
...rights of some policyholders in order to minimize the potential harm to all of the affected parties." Consedine v. Penn Treaty Network American Insurance Co. , 63 A.3d 368, 452 (Pa. Cmwlth. 2012) ( Penn Treaty ) (citing Mutual Fire II , 614 A.2d at 1094 ) (emphasis added). This authority in......
- Commonwealth v. Infante
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