Replies to post #392 on AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

AIC wrote off $4.5 million in reinsurance balances from Reliance Insurance Company due to uncollected reinsurance due to insolvency back in 2018.

This is the first time I have ever read about any potential recovery.

[Enterprising Investor]

Order Approving Second Application For Compensation for Polsinelli PC, Special Counsel, Filed by James E. Bird. The pleading was filed, served and noticed pursuant to local rules. No timely resistance/objection was filed. The motion is granted. Fees are approved for Polsinelli PC, in the amount of $231,505.00, and expenses awarded in the amount of $332.75. Movant is responsible for giving notice to parties in interest as required by rule or statute. ORDERED by Judge Thomas L. Saladino (8/26/10)

Source: PACER [Docket 648]