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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.
Competitive Bidding Notices:
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RFP: Mass Tort Claims Administration Services
The New York Liquidation Bureau is seeking an experienced and qualified third-party administrator to provide cost-effective mass tort claims administration services for insolvent insurance companies. We invite your company to submit a Proposal in accordance with the requirements of the RFP no later than July 22, 2019. Click here,
RFP: Mass Tort Claims Administration Services, to obtain a copy of the RFP.
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RFP: Workers’ Compensation Claims Administration Services
The New York Liquidation Bureau is seeking an experienced and qualified third-party administrator to provide cost-effective workers’ compensation claims administration services for insolvent insurance companies. We invite your company to submit a Proposal in accordance with the requirements of the RFP no later than July 22, 2019. Click here,
RFP: Workers’ Compensation Claims Administration Services, to obtain a copy of the RFP.
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RFP: Legal E-Billing and Auditing Services
The New York Liquidation Bureau is seeking a qualified vendor or consultant to provide customized legal bill processing and expense auditing services and/or software and supporting services. We invite your company to submit a proposal in accordance with the requirements of the RFP no later than August 16, 2019. Click here,
RFP: Legal E-Billing and Auditing Services, to obtain a copy of the RFP.
Legal and Estate Notices:
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Eagle Insurance Company
An Order to Show Cause seeking, among other things, approval of the Ancillary Receiver’s report and closure of this ancillary proceeding, has been signed by the Supreme Court, New York County with a return date of September 24, 2019.
--[Read OTSC]
--[Read Supporting Papers]
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Northwestern National Insurance Company of Milwaukee, Wisconsin
An Order of Ancillary Receivership was filed with the New York County Clerk's office on August 8, 2019.
--[Read Notice]
--[Read Order]
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Health Republic Insurance of New York, Corp.
A hearing has been scheduled for August 15, 2019 at 10:00 a.m. at the Supreme Court, Part 35, 60 Centre Street, Room 438 for a final review and determination on a proposed settlement and release in respect of certain claims against former directors and officers of the company.
--[Read Order]
--[Read Settlement Agreement and General Release (Redacted)]
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Northwestern National Insurance Company of Milwaukee, Wisconsin
An Order to Show Cause seeking, among other things, an order of ancillary receivership against Northwestern National Insurance Company of Milwaukee, Wisconsin was signed by the Supreme Court, New York County with a return date of August 8, 2019
--[Read OTSC]
--[Read Supporting Papers]
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Atlantis Health Plan, Inc.
Atlantis Health Plan, Inc. was placed into liquidation, and the Superintendent of Financial Services of the State of New York was appointed liquidator, by an order of the Supreme Court of the State of New York which was filed on April 19, 2019.
--[Read Order]
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Atlantis Health Plan, Inc.
An Order to Show Cause seeking, among other things, an order of liquidation against Atlantis Health Plan, Inc. was signed by the Supreme Court, New York County with a return date of April 11, 2019.
--[Read OTSC]
--[Read Supporting Papers]
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Guarantee Insurance Company
An Order was filed with the New York County Clerk's office on February 7, 2019, closing this ancillary receivership proceeding.
--[Read Order]
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Touchstone Health HMO, Inc.
An order approving a claims adjudication procedure was filed by the Court on February 5, 2019.
--[Read Order]
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Realm National Insurance Company
An Order was filed with the New York County Clerk's office on January 23, 2019, closing this liquidation proceeding.
--[Read Order]
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