Liquidation of Professional Medical Insurance Co. v. Lakin

HAROLD L. LOWENSTEIN, Judge.

This appeal arises from the 1994 liquidation proceedings against an insolvent insurance carrier, Professional Medical Insurance Company (ProMed). Appellant G. Thomas Murff is a former employee of ProMed, and Respondent Scott B. Lakin is the present director of the Missouri Department of Insurance, acting in his capacity of Receiver for ProMed. In 1999, Murff asserted a claim against the ProMed estate regarding an employee stock ownership plan. The Receiver denied his claim. Murff challenged the denial of his claim, and after negotiation and mediation, the cause…