Historical Information:
Legion Insurance Company was a property and casualty insurer that was domiciled in the Commonwealth of Pennsylvania, and licensed to write property and casualty insurance in the State of New York. The Commonwealth Court of Pennsylvania placed Legion in rehabilitation on March 28, 2002, and the court then placed Legion in liquidation on July 25, 2003. The New York Superintendent of Insurance was appointed Ancillary Receiver by order of the Supreme Court of the State of New York on August 22, 2003.
Legion wrote a wide variety of coverage in the State of New York, including workers compensation, public motor vehicle liability, private passenger and commercial auto, fidelity and surety, general liability, as well as reinsurance.
Under New York Insurance law covered claims are paid by three funds - the New York Property / Casualty Insurance Security Fund (P/C Fund), the New York Public Motor Vehicle Liability Security Fund (PMV Fund), and the New York Workers Compensation Security Fund (WC Fund).
It should be noted that the PMV Fund is financially strained at present, and as a result the PMV Fund is unable to provide either a defense or indemnification to those insureds covered by the Fund. Those insureds have been so notified.
The NYLB has retained the services of several third party administrators to expedite the processing of claims against the Legion Insurance Company.
Please note that claims for return of unearned premium are covered by the New York Security Funds, and that these claims are handled in-house under the direction of the Finance division.