Liquidation

Texas Insurer New Century Placed in Receivership and Liquidation

Health Insurance /
Texas Insurer New Century Placed in Receivership and Liquidation

New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance. The district court issued an order finding New Century was insolvent, placing it into liquidation, […]

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California Insurance Commissioner’s Conservation & Liquidation Office Issues RFP Seeking Independent Consultant for Rehabilitation Plan for Conserved Insurer

Auto Insurance /
California Insurance Commissioner’s Conservation & Liquidation Office Issues RFP Seeking Independent Consultant for Rehabilitation Plan for Conserved Insurer

The California Insurance Commissioner’s Conservation and Liquidation Office (CLO), as Conservator of California Insurance Company (CIC), is seeking an Independent Consultant to assist the Conservator in performing Section 2.6 and Schedule 2.6 of the Rehabilitation Plan for CIC, a workers’ compensation insurer conserved following its attempted unlawful merger into a New Mexico company. Schedule 2.6

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