Expedited Proceedings Vacated In Reinsurance Dispute After Regulatory Disapproval

( July 31, 2025, 2:01 PM EDT) -- WILMINGTON, Del. — A Delaware state vice chancellor vacated a prior order for expedited proceedings, finding that the risk of irreparable harm that justified expedition in April no longer exists after North Carolina regulators denied approval of disputed transactions involving an alleged illegal reorganization that transferred policies from a pool with more than $1 billion in assets to a new, unrated insurer with limited capitalization....