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New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 
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Link to Domestic Liquidator:


Contact Person(s):

Eugene Graff

Phone  (212) 341-6424

Email   egraff@nylb.org

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Acceleration National Insurance Company

Estate Profile:
State of Domicile: Ohio
Date of Rehabilitation: 11/29/2000
Date of Liquidation: 02/28/2001
Date of Receivership: 10/15/2001
Termination of Policies: 03/30/2001
Proof of Claim Filing Deadline: 02/28/2002
Dividend Distribution: Early Access
Bar Date: None


Historical Information:

Acceleration National Insurance Company was a property and casualty insurer domiciled in the State of Ohio, and licensed to write property and casualty insurance in the State of New York. It was declared insolvent and placed in liquidation by the Ohio Department of Insurance on February 28, 2001 by order of Franklin County Court of Common Pleas of the State of Ohio. The New York Superintendent of Insurance was appointed Ancillary Receiver by order of the Supreme Court of the State of New York on October 15, 2001.

The liquidation proceeding in Ohio was closed by order of the Franklin County Court of Common Pleas on November 21, 2012.

Acceleration National wrote private passenger auto, commercial auto and public motor vehicle liability coverage. They also wrote aviation accident coverage.

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