Distributing the Assets of a Liquidated Insurer is Often Difficult

Post number 5326

Co-Insurer/Reinsurer Gets no Contribution From Insolvent Insurer
Posted on April 27, 2026 by Barry Zalma

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The Amount Of Home’s Settlement, And Not The Liquidator’s Actual Distributions To The Insured, Determines The Extent Of CIC’s Contribution Rights.

In The Matter Of The Liquidation Of The Home Insurance Company, 2026 N.H. 19, No. 2025-0178, Supreme Court of New Hampshire, Merrimack, April 24, 2026 Century Indemnity Company (CIC) and The Home Insurance Company (Home) issued policies to the same insured covering the same risks.

FACTUAL BACKGROUND

The Liquidator disallowed the contribution claim; the referee and trial court agreed and ruled the settlement/allowed-claim amount (not distributions) controls contribution rights. CIC appealed.

The Liquidator disallowed CIC’s ...

Posted on April 24, 2026 by Barry Zalma

Criminal Who Bought and Sold Stolen Catalytic Convertors Sentenced to Five Years

Buying and Selling Stolen Catalytic Convertors Requires Jail Term

Post number 5325

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In Commonwealth Of Pennsylvania v. Michael Williams, No. 1409 EDA 2025, J-A03027-26, Superior Court of Pennsylvania (April 17, 2026) Michael Williams, operating TDI Towing, purchased approximately $2.7 million in stolen catalytic converters annually from individuals who removed them from vehicles in Bucks, Philadelphia, Montgomery, and Delaware counties. Williams then resold these converters for profit to an automotive store in New Jersey.

FACTUAL BACKGROUND:

Catalytic converters, which contain precious metals like rhodium, palladium, and platinum, were targeted due to the high market value of these metals during the relevant period. Williams was the boss of everything that occurred at TDI Towing-he ran the catalytic converter purchase and sales operation, gave instructions to ...

Denial of Flood Claim Starts the Limitation Period Running

Post number 5324

See the video at https://rumble.com/v78t566-nfpa-strictly-enforces-conditions.html and at https://youtu.be/UyUPPtbZWOk, and at https://zalma.com/blog plus more than 5300 posts.

Unlike Insurance Companies the NFPA is Enforced Strictly

Unlike Insurance Companies the NFPA is Enforced Strictly
In ZOZO Investments LLC, Bertie & Neeka LLC, Foreign Limited Liability Companies v. First Community Insurance Company, a Florida Corporation, No. 25-12492, United States Court of Appeals, Eleventh Circuit (April 15, 2026) Zozo Investments LLC and Bertie & Neeka LLC (“Zozo”) owned property in Fort Myers Beach, Florida, insured under the National Flood Insurance Program (NFIP) through First Community Insurance Company (“First Community”) and appealed the dismissal of their suit when their claim was denied..

FACTS

After the property suffered flood damage from Hurricane Ian, Zozo filed a claim. First Community initially paid the claim but later ...

Posted on March 30, 2026 by Barry Zalma

Insurance Fraud, a Way to Reduce Violent Crime
Post number 5313

A Fictionalized True Crime Story of Insurance Fraud from an Expert who explains why Insurance Fraud is a “Heads I Win, Tails You Lose” situation for Insurers. The story helps to Understand How Insurance Fraud in America is Costing Everyone who Buys Insurance Thousands of Dollars Every year and Why Insurance Fraud is Safer and More Profitable for the ­­­Perpetrators than any Other Crime.

She Taught Her Customers The Swoop And Squat:

Recently the California Insurance Department’s Fraud Division arrested a young woman in Los Angeles County for operating an insurance fraud school. She advertised her classes in the “Penny Saver” an advertising sheet distributed free to the public and a print version of Facebook, X Craig’s list. She had operated for several years teaching methods of committing automobile insurance fraud. Only after a police officer enrolled in one of her classes was she arrested.

Her defense ...