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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:
The NYLB has an open RFP that will close on April 25, 2025. See Competitive Bidding Notices.
Legal and Estate Notices:
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Touchstone Health HMO Inc.
An Order closing this liquidation proceeding was filed with the Supreme Court, Westchester County, on April 16, 2025.
--[Read Order]
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Midland Insurance Company
An Order to Show Cause seeking, among other things, approval of the Liquidator’s status report on this liquidation proceeding was signed by the Supreme Court, New York County, with a return date of May 23, 2025, on submission only.
--[Read OSC]
--[Read Supporting Papers]
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Midland Insurance Company
An Order to Show Cause seeking, among other things, approval of the Liquidator’s status report on this liquidation proceeding was signed by the Supreme Court, New York County, with a return date of May 23, 2025, on submission only.
--[Read OSC]
--[Read Supporting Papers]
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Midland Insurance Company
A letter updating status of the proceeding was filed with the Supreme Court of the State of New York on February 13, 2025.
--[Read Letter]
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Touchstone Health HMO Inc.
An Order to Show Cause seeking, among other things, an approval of a final report and closure of this liquidation proceeding was signed by the Supreme Court, Westchester County, with a return date of March 5, 2025, on submission only.
--[Read OTSC]
--[Read Supporting Papers]
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Crystal Run Health Plan, LLC
On January 24, 2025, the Supreme Court of New York County of New York filed an Order placing Crystal Run Health Plan, LLC into liquidation and appointed the Superintendent of Financial Services of the State of New York as liquidator.
--[Read Order of Liquidation]
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Crystal Run Health Insurance Company, Inc.
On January 21, 2025, the Supreme Court of New York County of New York filed an Order placing Crystal Run Health Insurance Company, Inc. into liquidation and appointed the Superintendent of Financial Services of the State of New York as liquidator.
--[Read Order of Liquidation]
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Arrowood Indemnity Company
An order approving the Liquidator’s request to increase the referee’s hourly rate was signed by the Court and entered by the County Clerk on
January 13, 2025.
--[Read Order]
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Arrowood Indemnity Company
A Decision and Order extending the bar date in this ancillary proceeding to May 15, 2025, was signed by the Supreme Court, New York County, on
January 13, 2025.
--[Read Decision and Order]
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Arrowood Indemnity Company
An Order to Show Cause seeking an amended order increasing the referee’s hourly rate was signed by the Court and entered by the County Clerk on
December 16, 2024. The return date on the motion, which will be taken upon submission, is January 10, 2025.
--[Read OSC]
--[Read Supporting Papers]
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