Status Report Filed In 1st Circuit By Puerto Rico Insurance Commissioner

Mealey's ( February 21, 2025, 11:02 AM EST) -- BOSTON — In status report filed in the First Circuit U.S. Court of Appeals, the Puerto Rico insurance commissioner and the auxiliary rehabilitator of a health insurer informed the court that a court hearing a case under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act is currently considering an objection filed by Puerto Rico’s Financial Oversight and Management Board opposing requests by two plaintiffs in related cases before a Puerto Rico federal court asking the Title III court to allow their cases to proceed to trial....