Bankrupt Reliance Off The Hook For Pa. Warranty Claims

Law360, Philadelphia (September 25, 2013, 6:10 PM EDT) -- State law clears the defunct Reliance Insurance Co. from having to provide coverage to a former policyholder for claims on consumer product warranties that were made after the insurer began liquidation proceedings in 2001, a Pennsylvania state judge has ruled.

Pennsylvania Commonwealth Court Judge Bonnie Leadbetter on Sept. 16 upheld the findings of a court-appointed referee who determined that state law extended insurance coverage for no more than 30 days after entry of a liquidation order, and shot down arguments from Warrantech Consumer Products Services Inc....
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