New York State Home
New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 

Web NYLB
Google
  
 

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:
  • American Medical and Life Insurance Company
    American Medical and Life Insurance Company was placed into liquidation and the Superintendent of Financial Services of the State of New York was appointed as liquidator by order filed in the Supreme Court of the State of New York, County of New York, on December 28, 2016.
    --[Read Order]
  • Long Island Insurance Company
    An order was filed with the New York County Clerk’s office, on December 23, 2016, closing this liquidation proceeding.
    --[Read Order]
  • Colonial Cooperative Insurance Company
    An order was filed with the New York County Clerk’s office, on December 13, 2016, closing this liquidation proceeding.
    --[Read Order]
  • Long Island Insurance Company
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding, has been signed by the Supreme Court, New York County with a return date of December 14, 2016.
    --[Read OTSC and Supporting Papers]
  • American Medical and Life Insurance Company
    An Order to Show Cause seeking, among other things, an order of liquidation against American Medical and Life Insurance Company, has been signed by the Supreme Court, New York County with a return date of December 21, 2016.
    --[Read OTSC and Supporting Papers]
  • Lumbermens Mutual Insurance Company, American Motorists Insurance Company, and American Manufacturers Mutual Insurance Company
    The Illinois Liquidator of Lumbermens Mutual Casualty Company, American Motorists Insurance Company, and American Manufacturers Mutual Insurance Company (which have been consolidated in one proceeding in Illinois) has obtained a Court Order in the consolidated domestic liquidation proceeding extending the time for insureds with timely filed contingent claims to submit evidence of the liquidation of their contingent claim(s) to 5:30p.m., EST, on November 10, 2017.
    --[Read Deadline Extending Order]
  • Health Republic Insurance of New York, Corp.
    An order approving a claims adjudication procedure was filed by the Court on October 17, 2016. Additional information about the Health Republic liquidation can be found at www.healthrepublicny.org.
    --[Read Order]
  • Eveready Insurance Company
    An order was filed with the New York County Clerk’s office, on October 17, 2016, approving the Liquidator’s report on the status of the liquidation of Eveready Insurance Company and the financial transactions delineated therein.
    --[Read Order]
  • First Sealord Surety, Inc.
    An order was filed with the New York County Clerk’s office, on October 5, 2016, closing this ancillary receivership proceeding.
    --[Read Order]
  • Colonial Cooperative Insurance Company
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding, has been signed by the Court with a return date of December 7, 2016.
    --[Read OTSC and Supporting Papers]
  • More...