Creditors proposed revival of a Mission unit.

Talks between creditors and state regulators were announced by Mission Insurance Group, which is operating under Chapter 11 of the U.S. Bankruptcy Code while the state runs its Mission America subsidiary and awaits court authority to liquidate four other units. The talks, described as “preliminary,” explored ways of releasing Mission America from conservatorship by adding about $50 million in reserves. Meanwhile, the House subcommittee on commerce, consumer protection and competitiveness has begun investigating Mission’s “effect on the insurance business,” said Chairman James J. Florio (D-N.J.).