Investors: The Court held a status hearing on Wednesday July 19.
Discussions concerned the timing of distributions.
It is probable that payments representing premium rebates will be made within the next 14 days.
Jordan claims that have been resolved should be paid within 45 days. I believe approximately 75% of the Jordan claims are included.
It is expected the balance of the claims approved will be distributed at least in part by the end of the year.
An additional hearing is set for Friday August 11 at 9:30 a.m.
If you have questions please contact me.
Andrew Storar, Examiner