MONTPELIER, Vt. AP – The state of Vermont has received $205 million in a lawsuit against accounts for an insurance company that went bankrupt a quarter century ago and left about 20,000 people in several states with outstanding claims.
The announcement should bring to a close a long-running battle by state regulators to collect from PriceWaterhouseCoopers, the accounting firm for the defunct Ambassador Insurance Co., said Paulette Thabault, commissioner of the state Department of Banking, Insurance, Securities and Health Care Administration.
