Alliance National Insurance Company (“ANIC”) was originally incorporated in the State of New York on or about April 15, 1914, under the name Utilities Mutual Insurance Company (“Utilities”) and obtained a license as a mutual insurer, effective July 1, 1914. On May 23, 2001, Utilities converted from a mutual insurer to a stock property/casualty insurer pursuant to the provisions of Section 7303 of the New York Insurance Law and changed its name to UMI Insurance Company. On April 21, 2006, Alliance Risk Management, LLC purchased 100 percent of the stock and changed the company’s name to Alliance National Insurance Company.
ANIC was licensed to operate in New York, New Jersey and Pennsylvania. In New York, ANIC was licensed to transact the kinds of insurance set forth in Section 1113 paragraphs (12), (13), (14), and (15) of the New York Insurance Law.
ANIC was placed into liquidation and the Superintendent of Financial Services of the State of New York was appointed as liquidator on August 21, 2020, by an order of the Supreme Court of the State of New York.
* Under paragraph 12 of the Liquidation Order, all existing insurance policies will terminate at 12:01 A.M. on the earliest of: (a) 30 days from the entry of the Liquidation Order, (b) 30 days from the giving of notice of such cancellation, if such notice is required by an insurance policy or applicable law, or (c) upon the date and time stated in the date of termination of policies. The Liquidation Order was entered on August 24, 2020, and 30 days from the date of entry is September 23, 2020.