South Carolina Supreme Court sanctions Atlas Turner, places insurance assets under receivership
Further, the court affirmed the appointment of a Receiver to investigate and collect Atlas Turner’s insurance assets—defined to include policies, proceeds, claims, and related information. However, it reversed a portion of the Receivership order that extended control to “any other assets which are related to, touch or are otherwise relevant to such insurance.” That language, the justices held, was too broad and not justified by equity principles.
