Regulatory Alerts2026-05-20
Added · Updated
Motion for Increase in Class 3 Distribution Percentage
Vermont Commissioner Kaj Samsom, acting as liquidator for Care Risk Retention Group, has filed a motion requesting the Superior Court increase the interim distribution rate on allowed priority class 3 claims from 25% to 50%. This adjustment follows a court-approved settlement that reclassified the majority of a $34.5 million liability to a lower priority class and a comprehensive claims review revealing approximately $25.6 million in available estate assets against $44.8 million in estimated class 3 liabilities. Granting the motion would authorize an immediate $1.45 million payout to eligible creditors while preserving sufficient conservative reserves to satisfy remaining undetermined claims and administrative expenses throughout the liquidation process.