A review panel repeatedly rejected the pair’s ideas, such as in the hearing that nearly resulted in a fistfight.

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“We regret to inform our brokers and policyholders that our financial position has ongoing to deteriorate,” Adirondack Insurance coverage Trade stated on its Web site.

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A letter was also sent to prospects earlier this thirty day period, telling them to discover new insurance plan coverage as it starts “a changeover strategy for current insurance policies.”