TN insurance commissioner petitions for liquidation of ANLIR

As reported here, the Tennessee Insurance Commissioner Paula Flowers filed a petition today in the Chancery Court of Davidson County, Tennessee for the liquidation of American National Lawyers Insurance Reciprocal (ANLIR), citing the fact that ANLIR is insolvent by over $30 million. This afternoon's press release from the Tennessee Department of Commerce and Insurance is here. The actual petition is here.