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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:
  • Midland Insurance Company
    The Liquidator has filed an application by Order to Show Cause (“OTSC”) seeking, among other things, an order establishing December 31, 2015 as the last day on which Undetermined Proof of Claim Claimants (as defined in the OTSC and supporting papers) may submit to the Liquidator a Claim Amendment and any proof in support of the allowance of the claim that was capable of having been submitted by the January 31, 2012 and January 31, 2013 deadlines established in the Midland decision and order, entered on July 1, 2011.  The return date of the OTSC is April 22, 2015.
    - [Click to see OTSC and supporting documents]
  • Essence Healthcare of New York, Inc.
    Essence Healthcare of New York, Inc. was placed into liquidation and the Superintendent of Financial Services of the State of New York was appointed as liquidator on February 24, 2015, by order of the Supreme Court of the State of New York.
    - [Read Notice]
    - [Read Order]
  • ICM Insurance Company
    An order was filed with the New York County Clerk’s office, on February 17, 2015, extending 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.
    - [Read Order]
  • Cigna Healthcare of New York, Inc.
    Cigna Healthcare of New York, Inc. was placed into liquidation and the Superintendent of Financial Services of the State of New York was appointed as liquidator on January 30, 2015, by order of the Supreme Court of the State of New York.
    - [Read Notice]
    - [Read Order]
  • Eveready Insurance Company
    Eveready Insurance Company was placed into liquidation and the Superintendent of Financial Services of the State of New York was appointed as liquidator on January 29, 2015, by order of the Supreme Court of the State of New York.
    - [Read Notice]
    - [Read Order]
  • 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]
  • More...
 
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