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New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 
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Phone (212) 341-6728

Email ReceiverOps@nylb.org


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Midland Insurance Co.

Estate Profile:
Date of Rehabilitation: None
Date of Liquidation: 04/03/1986
Termination of Policies: 05/03/1986
Proof of Claim Filing Deadline: 04/03/1987
Dividend Distribution: 03/2006 10.00%
06/2007 05.00%
12/2010 05.00%
10/2012 05.00%
Total 25.00%
Bar Date: Submission of Claims - 01/31/2012
Final Date for Supporting Data - 01/31/2013


Historical Information:

Midland Insurance Company was a property and casualty insurer domiciled in the State of New York. Midland was placed in liquidation and the New York Superintendent of Insurance was appointed as Receiver by the Supreme Court of the State of New York on April 3, 1986.

Midland wrote a substantial amount of excess coverage for major Fortune 500 companies. Midland also acted as a reinsurer.

Under New York Insurance law covered claims are paid by three funds - the New York Property / Casualty Insurance Security Fund (P/C Fund), the New York Public Motor Vehicle Liability Security Fund (PMV Fund), and the New York Workers Compensation Security Fund (WC Fund).

Please note that claims for return of unearned premium are covered by the New York Security Funds, and that these claims are handled in-house under the direction of the Finance division.