GREAT OAKS CASUALTY INSURANCE COMPANY
|Company Demographic Information|
|Name of Company:||GREAT OAKS CASUALTY INSURANCE COMPANY|
|Case Number:||91 4746|
|Guaranty Association:||Florida Insurance Guaranty Association(FIGA)|
|Type of Coverage:||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Closed|
|Important Receivership Dates|
|Date of Rehabilitation:||N/A|
|Date of Liquidation:||N/A|
|Policy Cancellation Date:||January 09, 1992|
|Claims Filing Deadline:||June 09, 1992|
|Objection Deadline:||See Below|
|Date of Discharge:||March 31, 2015|
Claims Evaluation and Distribution
Proof of claim forms have been mailed. Any proof of claim form filed after the claims filing deadline was considered "late filed". If you submitted a properly completed proof of claim form, you have been notified, in writing, of the Receiver's recommendation on your claim. In 1992 and 1999, Interim Claim Reports were filed with the Second Judicial Circuit Court in and for Leon County, Florida ("Court") to resolve specific claims made by former employees and pending litigation involving a former vendor.
On August 16, 2005, the Third Interim Claim Report was filed with the Court in the estate of Great Oaks Casualty Insurance Company ("Great Oaks Casualty"). On August 17, 2005, the Court issued an order approving the report. On September 1, 2005, notices were sent to 10,914 claimants who filed a proof of claim with the receivership estate of Great Oaks Casualty. The notice informed them of the Receiver's recommendations concerning the classification and amount of their claim, along with instructions on how to proceed if the claimant objected to the recommendations. Objections were required to be filed by the claimant, in writing, with both the Court and Receiver and postmarked by October 7, 2005. Objections filed after that date were not considered. All filed objections have been resolved.
On October 18, 2006, the Receiver filed a motion for approval of the Final Claims Report, the Claims Distribution Report and approval to make an initial distribution to claimants in Classes 1 through 3. On October 19, 2006, an order was issued that granted approval for the Receiver to mail distribution checks representing 100% of the recommended and adjudicated amount to claimants in Classes 1, 2, and 3. As a result of the order, 7,121 claimants were approved to receive a distribution check. The checks were mailed on November 16, 2006. The majority of the checks were in the amount of $100.00 which represents the statutory deductible applied by the Florida Insurance Guaranty Association in their settlement of the claims within the Great Oaks Casualty estate.
On November 15, 2011, the Receiver filed a motion for approval of the Final Claims Report, the Claims Distribution Report and approval to make a distribution to claimants in Classes 6, 7 and 8. On November 16, 2011, an order was issued that granted approval for the Receiver to mail distribution checks representing 100% of the recommended and adjudicated amounts to claimants in Classes 6, 7, and 8. As a result of the order, 1,729 claimants were approved to receive a distribution check. The checks were mailed on December 30, 2011.
On March 24, 2015, the Order Approving Discharge Accounting, Authority to Reserve For Discharge Expenses, Authorizing Reimbursement of Contributed Equity, Authorizing Destruction of Obsolete Records And Directing Final Discharge was signed by the Judge assigned by the Court to oversee Great Oaks discharging the Receiver from any and all duties, obligations and liabilities in the administration of this estate as of 12:01 AM on March 31, 2015.
The Department was discharged of all of its responsibilities in administering this estate and the estate was closed at 11:59 PM on March 31, 2015.
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