In re the Arbitration between Knickerbocker Agency, Inc. & Holz

Pursuant to article XVI of the Insurance Law and appropriate judicial order of the Supreme Court, New York County, the Superintendent of Insurance of the State of New York has been designated liquidator of a defunct insurance company, the Preferred Accident Insurance Company of New York. As liquidator, the superintendent commenced an action in the same court against Knickerbocker Agency, Inc., the general agent of Preferred Accident, to recover commissions withheld by Knickerbocker on policies cancelled pro rata. The action was based upon Knickerbocker’s contract with Preferred Accident…