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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, and acts on his behalf in the discharging of his 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.
[Read the NYLB Mission Statement]

Legal and Estate Notices:
  • Capital Mutual Insurance Company
    An Order to Show Cause seeking, among other things, approval to close the Capital Mutual liquidation proceeding has been submitted to the Court with a return date of October 8, 2014.
    - [Read Notice]
    - [Read Order]
  • Whiting National Insurance Company
    An Order to Show Cause seeking, among other things, approval to close this liquidation proceeding has been submitted to the Court with a return date of September 9, 2014.
    - [Read Notice]
    - [Read Order]
  • Galaxy Insurance Company
    An Order to Show Cause seeking, among other things, approval to close the Galaxy liquidation proceeding has been submitted to the Court with a return date of September 9, 2014.
    - [Read Notice]
    - [Read Order]
  • Amwest Surety Insurance Company
    An order was filed with the New York County Clerk’s office, on July 3, 2014, closing this ancillary receivership proceeding.
    - [Read Order]
  • Acceleration National Insurance Company
    An order was filed with the New York County Clerk’s office, on June 5, 2014, closing this ancillary receivership proceeding.
    - [Read Order]
  • Frontier Insurance Company
    An order was filed with the Albany County Clerk’s office, on May 16, 2014, approving the Liquidator’s Report on the Status of the Liquidation of Frontier Insurance Company and Request for Authority to Distribute Assets.
    - [Read Order]
  • More...