NU Online News Service, Oct. 22, 3:50 p.m. EDT
Oklahoma Insurance Commissioner Kim Holland is seeking to get back about $102 million from all those involved in the acquisition of a now-insolvent insurance company.
According to a petition filed in Oklahoma County District Court, Commissioner Holland, now the receiver of Park Avenue Property and Casualty Insurance Company, alleged there was a "conspiracy to loot the insurance company" and violate state law, "causing the failure of Park Avenue" and putting policyholders in danger.
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