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New York Liquidation Bureau
Benjamin M. Lawsky
Superintendent as Receiver
 

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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:
  • Cigna Healthcare of New York, Inc.
    An Order to Show Cause seeking, among other things, an amendment to the Order of Liquidation of Cigna Healthcare of New York, Inc., entered on January 30, 2015, so as to make July 31, 2015 the bar date has been submitted to the Court with a return date of June 24, 2015.
    - [Read Notice]
    - [Read Order to Show Cause]
    - [Read Verified Petition]
  • Midland Insurance Company
    By order entered on April 30, 2015, the Supervising Court established December 31, 2015 as the last date by which an Undetermined POC (Proof of Claim) Claimant may submit to the Liquidator a Claim Amendment that was capable of having been submitted by the January 31, 2012 deadline established in the Midland decision and order entered July 1, 2011 (“Bar Date Order”), and any proof in support of the allowance of the claim of an Undetermined POC Claimant that was capable of having been submitted by the January 31, 2013 deadline established in the Bar Date Order.  See Notice and Order for further details.
    --[Read Notice]
    --[Read Order 12/31/15 deadline]
  • Red Rock Insurance Company
    An Order to Show Cause seeking, among other things, an order of Ancillary Receivership against Red Rock Insurance Company has been submitted to the Court with a return date of May 28, 2015.
    - [Read order and the papers upon which it was granted]
  • Frontier Insurance Company
    An order changing the threshold for court approval of sales, dispositions or compromises of the assets of Frontier Insurance Company from $2500 to $25,000 was entered on April 14, 2015.
    - [Read Order]
  • Drivers Insurance Company
    An Order to Show Cause seeking, among other things, an order of liquidation against Drivers Insurance Company has been submitted to the Court with a return date of April 8, 2015.
    - [Read order and the papers upon which it was granted]
  • Lion Insurance Company
    An order was filed with the New York County Clerk’s office, on March 10, 2015, converting the rehabilitation proceeding of Lion Insurance Company to a liquidation proceeding.
    - [Read Order]
  • Lion Insurance Company
    An order was filed with the New York County Clerk’s office, on March 6, 2015, approving the Rehabilitator’s report on the status of the rehabilitation of Lion Insurance Company and the transactions delineated therein.
    - [Read Order]
  • More...
 
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