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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 no competitive bidding notices at this time.
Legal and Estate Notices:
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Highlands Insurance Company
An Order closing this ancillary receivership proceeding was filed with the Supreme Court, New York County, on November 21, 2023.
--[Read Order]
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Park Insurance Company
An Order to Show Cause seeking approval of the Early Access, Disbursement, Reimbursement and Refunding Agreement for Park Insurance Company was signed by the Supreme Court, New York
County. The return date on the motion, which will be taken upon submission, is November 30, 2023.
--[Read Order to Show Cause]
--[Read Supporting Papers]
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American Medical and Life Insurance Company
An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding was signed by the Supreme Court, New York County, with a
return date of December 12, 2023.
--[Read OTSC]
--[Read Supporting Papers]
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United Property & Casualty Insurance Company
An Order and a Supplemental Order approving a claims adjudication procedure and appointing a referee were entered by the Court on November 2, 2023.
--[Read Order]
--[Read Supplemental Order]
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Health Republic Insurance of New York, Corp.
An Order closing this liquidation proceeding was filed with the Supreme Court, New York County, on November 2, 2023.
--[Read Order]
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Eveready Insurance Company
An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding was signed by the
Supreme Court, New York County, with a return date of November 30, 2023.
--[Read OTSC]
--[Read Supporting Papers]
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Highlands Insurance Company
An Order to Show Cause seeking, among other things, approval of a final report and closure of this ancillary receivership proceeding was signed by the Supreme Court, New York County, with a return date of November 21, 2023.
--[Read OTSC]
--[Read Supporting Papers]
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Frontier Insurance Company
An Order approving an interim report on the status of the Frontier Insurance Company liquidation proceeding was signed by the Supreme Court,
Albany County, on September 29, 2023, and entered on Octoboer 13, 2023.
--[Read Order]
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Health Republic Insurance of New York, Corp.
An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding was signed by the Supreme Court, New York County, with a return
date of November 2, 2023.
--[Read OTS]
--[Read Supporting Papers]
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American Service Insurance Company
An Order approving a claims adjudication procedure and appointing a referee was entered by the Court on September 15, 2023.
--[Read Order]
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United Property & Casualty Insurance Company
An Order to Show Cause seeking approval of a claims adjudication procedure and appointment of a referee was signed by the Court. The return date on the motion, which will be taken upon submission, is September 26, 2023.
--[Read Order to Show Cause]
--[Read Supporting Papers]
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Frontier Insurance Company
An Order to Show Cause seeking approval of an interim report was signed by the Supreme Court, Albany County, with a return date of September 29, 2023.
--[Read Order to Show Cause]
--[Read Supporting Papers]
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Park Insurance Company
An Order approving a claims adjudication procedure and appointing a referee was entered by the County Clerk on August 3, 2023.
--[Read Order]
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Alliance National Insurance Company
An Order approving a claims adjudication procedure and appointing a referee was entered by the County Clerk on July 27, 2023.
--[Read Order]
- More...
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