NU Online News Service, Dec.11, 11:34 a.m. EST

The New York Liquidation Bureau held a celebratory breakfast today to market its 100th anniversary, a spokesman said.

NYLB, which acts on behalf of the New York Insurance superintendent as receiver for bankrupt insurers, was created in 1909 to serve as a backstop when New York State insurers become impaired or insolvent.

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