In Re Ambassador Ins. Co., Inc.

¶ 1. In this appeal, we consider the proper priority status for claims made by an insured’s assignee against an insolvent insurer. Liquidator of the insolvent insurance company, Ambassador Insurance, determined that claims — originally held by an insured, A.P. Green Industries, Inc., and classified as priority four claims — should be reclassified as priority five general-creditor claims after Green assigned its payment rights to National Indemnity Company (NICO). NICO challenged the reclassification, and the superior court granted summary judgment to liquidator, 1 concluding that the…