In the Matter of the Application of the People of the State of New York, by William T. Emmet

Summary

The New York Court of Appeals affirmed the order denying the superintendent of insurance’s report that rejected certain liability insurance claims in the liquidation of Empire State Surety Company. It held that the claims of all three classes of claimants had ripened as of the liquidation date, that the court may set a uniform alternative valuation date at the time of liquidation, and that attorney fees incurred after liquidation are chargeable against the fund.