New York State Home
New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 

Web NYLB
Google
  
 

The New York Liquidation Bureau (NYLB) is a unique entity. Receiving no funding from taxpayers, it carries out the responsibilities of the Superintendent of Financial Services as Receiver, in the discharging of the Superintendent's statutorily defined duties to protect the interests of the policyholders and creditors of insurance companies that have been declared impaired or insolvent.

The NYLB has performed this function since 1909, when the New York State Legislature passed the law mandating that the Superintendent assume the separate responsibility of Receiver. In the case of each insurance company in receivership, the Superintendent as Receiver is appointed by the New York State Supreme Court. The Court approves all of the actions of the Superintendent, and by extension those of the NYLB.
[Read the NYLB Mission Statement]

Legal and Estate Notices:

The NYLB is reconstituting the panel of attorneys it uses to provide expertise and regional coverage. The application to become a member of the NYLB's panel can be found by clicking Here. Please note that all current members of the NYLB’s attorney panel must submit a new application. The deadline for submission of an application has been extended to December 31, 2017.

  • Villanova Insurance Co.
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this ancillary proceeding has been signed by the Supreme Court, New York County, with a return date of December 19, 2017.
    --[Read Order]
    --[Read Supporting Papers]
  • Lumbermen's Underwriting Alliance
    An order was filed with the New York County Clerk’s office on November 13, 2017, closing this ancillary receivership proceeding.
    --[Read Order]
  • ICM Insurance Company
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding has been signed by the Supreme Court, New York County with a return date of December 13, 2017.
    --[Read Order]
    --[Read Supporting Papers]
  • Cosmopolitan Mutual Insurance Company
    An order was filed with the New York County Clerk’s office on November 2, 2017, closing this liquidation proceeding.
    --[Read Order]
  • Park Insurance Company
    An Order to Show Cause seeking, among other things, an order of liquidation against Park Insurance Company has been signed by the Supreme Court, New York County with a return date of November 20, 2017.
    --[Read OTSC]
    --[Read Supporting Papers]
  • American Mutual Insurance Company of Boston / American Mutual Liability Insurance Company
    An Order to Show Cause seeking, among other things, approval of a final report and closure of these ancillary proceedings has been signed by the Supreme Court, New York County with a return date of November 2, 2017.
    --[Read Order]
    --[Read Supporting Papers]
  • Cosmopolitan Mutual Insurance Company
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding has been signed by the Supreme Court, New York County, with a return date of November 2, 2017.
    --[Read Order]
    --[Read Supporting Papers]
  • Lumbermen's Underwriting Alliance
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this ancillary proceeding has been signed by the Supreme Court, New York County, with a return date of November 13, 2017.
    --[Read Order]
    --[Read Supporting Papers]
  • ICM Insurance Company
    An Order to Show Cause, as amended by an order dated August 8, 2017, seeking authority for the Liquidator to enter into an agreement to assign ICM’s remaining reinsurance receivables has been signed by the Court with a return date of October 3, 2017.
    --[Read August 8, 2017 Order]
    --[Read Order]
    --[Read Supporting Papers]
  • More...