Rehabilitator: PHL Variable liquidation payouts could exceed guaranty caps
May 26, 2026 by John Hilton
A new status update from the Connecticut insurance commissioner offers hope that PHL Variable Insurance Co. policyholders will receive benefits in excess of standard guaranty association limits.
Interim Commissioner Joshua Hershman is serving as the court-appointed rehabilitator for the financially troubled PHL Variable. He is pursuing a liquidation plan and provided the Connecticut Superior Court with a status update on Wednesday.
Originally Posted at InsuranceNewsNet on May 21, 2026 by John Hilton.
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