Magistrate Recommends Escrow Payment Per Agreement With Insolvent Insurer

Mealey's (January 18, 2023, 5:46 PM EST) -- CENTRAL ISLIP, N.Y. — A New York federal magistrate judge recommended that an order be entered to disburse funds in escrow to an insolvent insurer and a law firm in a title insurer’s suit against the insolvent insurer and others seeking to be discharged from liability under an escrow agreement, finding that the title insurer has satisfied the elements of its interpleader action....