Hudson v. Petrosurance, Inc.

{¶ 1} The superintendent of insurance for the state of Ohio, Mary Jo Hudson, acting in the capacity as liquidator of the Oil & Gas Insurance Company (“OGICO”), appeals from a judgment of the Tenth District Court of Appeals that reversed a grant of summary judgment in favor of the superintendent on a declaratory-judgment action and held that the superintendent had no authority to pay interest to creditors and claimants of OGICO before paying the shareholders of OGICO.

{¶ 2} The issue presented on this appeal is whether the liquidator may pay interest to the insurer’s creditors and other…