Insolvency Date: 10/12/2021 NAIC Number: 11092 Claim Deadline: TBD News: Global Liberty Insurance Company of New York (“GLIC”) was ordered into receivership for the purposes of liquidation by the Supreme Court of the State of New York on October 12, 2021. The Superintendent of Financial Services of the State of New York is the
Continue readingCategory: News
FIGA Assessment Update: 9/29/2021
We appreciate everyone’s patience and understand the time sensitivity for system changes required to implement FIGA’s proposed assessment in advance of processing January 2022 renewals. At this point, our 0.70% assessment request is still pending approval by the Florida Office of Insurance Regulation (OIR). FIGA recommends Members wait until a
Continue readingWestern General Insurance Company
Insolvency Date: 8/05/2021 NAIC Number: 27502 Claim Deadline: 2/28/2022 Effective August 5, 2021, Western General Insurance Company (“WGIC”) was ordered into receivership for the purposes of liquidation by the Superior Court of the State of California, County of Los Angeles. With the entry of the liquidation order, the Florida Insurance Guaranty
Continue readingGulfstream Property & Casualty Insurance
Liquidation Date: July 28, 2021 NAIC Number: 12237 Claim Deadline: July 28, 2022 Effective July 28, 2021, Gulfstream Property & Casualty Insurance Company (“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.
Continue readingAmerican Capital Assurance Corporation
Liquidation Date: April 14, 2021 NAIC Number: 12601 Claim Deadline: April 14, 2022 Effective April 14, 2021, American 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.
Continue readingBedivere Insurance Company
Liquidation Date: 3/11/2021 NAIC Number: 21970 Claim Deadline: 3/11/2022 Effective March 11, 2021, Bedivere Insurance Company was ordered into receivership for the purposes of liquidation by the Commonwealth Court of Pennsylvania. 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
Continue readingWindhaven National Insurance Company
Liquidation Date: March 5, 2020 NAIC Number: 37001 Claim Deadline: September 7, 2021 Effective March 5, 2020 Windhaven National Insurance Company (“WNIC”) was ordered into liquidation by District Court in Travis County, Texas. The Texas Department of Insurance (“Department”) is the court appointed liquidator of WNIC. A copy of the
Continue readingWindhaven Insurance Company
Liquidation Date: January 6, 2020 NAIC Number: 12541 Claim Deadline: January 6, 2021 Effective January 6, 2020 Windhaven Insurance Company (“WIC”) was ordered into liquidation by Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (Department) is the court appointed receiver of WIC. A copy
Continue readingFlorida Specialty Insurance Company
Liquidation Date: 10/2/2019 NAIC Number: 17248 Claim Deadline: 10/2/2020 Effective 10/2/2019 Florida Specialty Insurance Company (“FSIC”) was ordered into liquidation by Second Judicial Circuit Court in Leon County, Florida. The liquidation order was amended 10/25/19 to remove disputed findings of fact, including the finding of insolvency. On 11/1/19 the Court issued an order
Continue reading2015 Assessment Change
During its 2015 session the Florida Legislature amended the FIGA assessment process. The notice below was sent to member companies notifying them of the change. Additionally, the frequently asked questions document below was developed for further clarification and will be periodically updated. Member Letter Assessment Frequently Asked Questions Feel free
Continue reading