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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:
  • ICM Insurance Company
    An Order to Show Cause seeking, among other things, an order approving the Liquidator’s report on the status of the liquidation of ICM Insurance Company and the financial transactions delineated therein, has been submitted to the Court with a return date of March 3, 2015.
    - [Read Notice]
    - [Read Order]
  • ICM Insurance Company
    An Order to Show Cause seeking to extend without date and until further application by the Liquidator the final date by which the Liquidator must actually receive, in respect of any claim presented by May 16, 2014, any and all evidence supporting the liquidation of such claim, has been submitted to the Court with a return date of February 17, 2015.
    - [Read Notice]
    - [Read Order]
    - [Read Verified Petition]
  • Transtate Insurance Company
    An order was filed with the Nassau County Clerk’s office, on January 2, 2015, closing this liquidation proceeding.
    - [Read Order]
  • Security Indemnity Insurance Company
    An order was filed with the New York County Clerk’s office, on December 19, 2014, closing this ancillary receivership proceeding.
    - [Read Order]
  • New York Merchant Bakers Insurance Company
    An order was filed with the New York County Clerk’s office, on December 11, 2014, closing this liquidation proceeding.
    - [Read Order]
  • Essence Healthcare of New York, Inc.
    An Order to Show Cause seeking, among other things, an order of liquidation against Essence Healthcare of New York, Inc. has been submitted to the Court with a return date of February 4, 2015.
    - [Read order and the papers upon which it was granted]
  • More...
 
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