Shapo v. Tires 'N Tracks, Inc.

PRESIDING JUSTICE SOUTH

delivered the opinion of the court:

The underlying lawsuit arises out of a self-insured workers’ compensation fund, Back of the Yards Neighborhood Council Risk Management Association, Inc. (BYRMA), which became insolvent. The Director of Insurance of the State of Illinois was affirmed by the circuit court as statutory liquidator. Defendant, Tires ’N Tracks, became a part of the self-insured pool beginning in 1997. Plaintiff, Nathaniel Shapo, the Director of Insurance of the State of Illinois, acting solely in his capacity as statutory and court-affirmed liquidator of…