American Capital Assurance Corporation

Liquidation Date: April 14, 2021
NAIC Number: 12601
Claim Deadline: April 14, 2022

Effective April 14, 2021American Capital Assurance Corporation (“Company”) was ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department” or “Receiver”) is the court appointed receiver for the Company.  Copies of the Liquidation Order and other relevant information are available on the Department’s website,

With the entry of the liquidation order, the Florida Insurance Guaranty Association (“FIGA”) has been activated to help pay outstanding Florida claims for property and casualty policies.  The processing and payment of covered claims will be made by FIGA (subject to the lesser of policy limits or FIGA’s maximum cap). The maximum amount FIGA will cover is generally $300,000 per claim or $200,000 times the number of units for condominium and homeowner’s association claims.  No claim will be paid in excess of this cap. All claims are subject to a $100 statutory deductible over and above any deductible identified in the Company’s policy.  For more information on FIGA’s claim handling see the FAQ section of this website.

New or Existing Claims:
To report a NEW claim or REOPEN an existing claim previously handled by an insolvent company email FIGA at or fax 850-523-1888. You will need to provide the following information:

  • Policyholder’s Name
  • Policy Number
  • Claim Number (Reopen only)
  • Date of Loss
  • Building / Premises # and addresses
  • Brief description of the loss
  • Requestors best contact information (email & phone)
  • If other than policyholder reporting, please attach letter of representation or assignment of benefits contract

Claimants who need to check on the status of an existing claim should call FIGA at (800) 988-1450.

All policyholders should be aware that per Section 631.68, Florida Statutes, the deadline for settling a claim or filing suit against FIGA is April 14, 2023.

Return of Unearned Premium:
FIGA will pay unearned premium claims after the Receiver completes its processing of the policy records and sends the unearned premium records to FIGA.  A $100 per policy statutory deductible applies to policy refunds and will be deducted from the amount paid.

For questions regarding the receivership, consumers are asked to contact the Receiver by using the “Contact Us” form at the Receivers website, or call the Florida Department of Financial Services at (800) 882-3054.