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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:
  • Frontier Insurance Company
    An order was filed with the Albany County Clerk’s office, on October 24, 2014, approving the Liquidator’s report on the status of this liquidation proceeding and establishing December 31, 2014 as the final date by which the Liquidator must actually receive in respect of any claim presented prior to December 31, 2013, any and all evidence demonstrating (a) that such claim has been liquidated and (b) that there has been actual loss and/or payment in respect of such claim.
    - [Read Order]
  • Security Indemnity Insurance Company
    An Order to Show Cause seeking, among other things, approval to close this ancillary receivership proceeding has been submitted to the Court with a return date of December 8, 2014.
    - [Read Notice]
    - [Read Order]
  • Eveready Insurance Company
    An Order to Show Cause, for the commencement of a liquidation proceeding, has been submitted to the Court with a return date of December 3, 2014.
    - [Read Order]
    - [Read Verified Petition]
  • Folksam International Insurance Company (UK) Limited
    An Order to Show Cause seeking, among other things, approval of a conservation agreement and closure of this conservation proceeding, has been submitted to the Court with a return date of December 10, 2014.
    - [Read Notice]
    - [Read Order]
  • Colonial Indemnity 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 December 4, 2014.
    - [Read Notice]
    - [Read Order]
  • Capital Mutual Insurance Company
    An order was filed with the New York County Clerk’s office, on October 14, 2014, closing this liquidation proceeding.
    - [Read Order]
  • More...