The Governor and Insurance Commissioner continue efforts to interfere with policyholders rights to the more than $110 million in JUA surplus funds. The Department of Insurance has confirmed that it has retained the law firm of Skadden Arps to assist with its "examination" of the JUA. This "examination" has so far amounted to an effort to re-write JUA rules to deny policyholder rights. Local firm Rath Young has been paid in excess of $200,000 for this effort. Now, Skadden Arps-- with billing rates of $1050 per hour-- has been retained by the Department of Insurance. THE COMMISSIONER WILL LIKELY FORCE THE JUA TO PAY ALL OF THESE FEES FOR THIS BOGUS EXAMINATION. The JUA has been told to be ready to pay up to $1 million to these out of state lawyers.
The fact that the Governor and Insurance Commissioner continue this assault in the face of the New Hampshire Supreme Court's order confirming policyholders' rights is bad enough. The fact that they are using JUA funds to pursue this unlawful activity against the true owners of the funds is despicable. The "dream team" that conspired to take these funds are completely out of control.
