NOTICE TO MIDLAND POLICY HOLDERS, GUARANTY FUNDS & REINSURERS

DISTRIBUTION TO MIDLAND CLASS 2 CLAIMANTS ANNOUNCED

NOTICE TO MIDLAND POLICY HOLDERS & REINSURERS

Historical Information:

Midland Insurance Company was a property and casualty insurer domiciled in the State of New York. Midland was placed in liquidation and the New York Superintendent of Insurance was appointed as Receiver by the Supreme Court of the State of New York on April 3, 1986.

Midland wrote a substantial amount of excess coverage for major Fortune 500 companies. Midland also acted as a reinsurer.

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).

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.