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INSURANCE COMPANY OF FLORIDA

Company Information

Company Demographic Information
Name of Company:
INSURANCE COMPANY OF FLORIDA
Case Number:92 5286
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:
December 29, 1992
Policy Cancellation Date:January 29, 1993
Claims Filing Deadline:
June 29, 1993
Objection Deadline:
N/A
Date of Discharge:
October 31, 2016

Claims Evaluation

Proof of claim forms have been mailed. Any proof of claim form filed after the claims filing deadline of June 29, 1993 was considered "late filed". If you have submitted a proof of claim form, you will be notified in writing of the Receiver's recommendation on your claim.


On February 7, 2011, the Second Interim Claims Report was filed with the Court in the estate of ICF. On February 8, 2011, the Court issued an order approving the report. The Second Interim Claims Report addresses claims filed in Classes 1 and 2. This claims report does not address the claims of the Commonwealth of Puerto Rico and the Puerto Rico Insurance Guaranty Association. Only claims in Classes 1 and 2, with the exception of Puerto Rico, were evaluated within the Second Interim Claims Report. On February 18, 2011, Notices of Determination ("Notices") were mailed to these claimants. 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 a claimant objected to the recommendations. Objections were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by April 21, 2011. Objections filed after that date were not considered.


On September 19, 2011, the Third Interim Claims Report was filed with the Court in the estate of ICF. On September 26, 2011, the Court issued an order approving the report. The Third Interim Claims Report addresses certain claims filed in Classes 2, 3 and 5. On February 18, 2011, Notices of Determination ("Notices") were mailed to the 4,973 claimants impacted by the order. 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 a claimant objected to the recommendations. Objections were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by December 2, 2011. Objections filed after that date were not considered.


On June 2, 2015, the Fourth Interim Claims Report was filed with the Court in the estate of ICF. On June 3, 2015, the Court issued an order approving the report. The Third Interim Claims Report addresses certain claims filed in Classes 1, 2, and 3. On June 11, 2015, Notices of Determination ("Notices") were mailed to the 6 claimants impacted by the order. Objections were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by July 31, 2015. Objections filed after that date were not considered.


On October 23, 2015, the Receiver filed a motion for approval of the Final Claims Report and the Claims Distribution Report, and to authorize a distribution to Class 1-3 claimants. The Court entered an order granting the motion on October 28, 2015. A distribution, totaling $10,596,395 and representing payment of 100% of the Class 1-3 claims, was made on November 25, 2015. The distribution consisted of 1,609 checks. The Receiver anticipates another distribution will be made to claimants in other classes at a later date.


On March 11, 2016, the Fifth Interim Claims Report was approved by Court order. The Fifth Interim Claims Report addressed the evaluation of the remaining Class 4, Class 5, Class 6, and Class 8 claims. The order approving the Fifth Interim Claims Report placed a deadline of April 29, 2016, for filing objections to the evaluations.


On May 5, 2016, the Receiver filed a motion for approval of the Final Claims Report and the Claims Distribution Report, and to authorize a distribution to Class 4-8 claimants. The Court entered an order granting the motion on May 12, 2016.. A distribution, totaling $1,221,882 and representing payment of 100% of the Class 4, 5,6, & 8 claims, was made on June 8, 2016. The distribution consisted of 470 checks.


The Department was discharged of all of its responsibilities in administering the ICF estate and the estate was closed at 12:01 AM on October 31, 2016.


Unclaimed Property From Previous Distributions:


Pursuant to the Distribution Orders, all uncashed distribution checks were sent to the Department of Financial Services, Bureau of Unclaimed Property. The Bureau of Unclaimed Property may be reached at:


www.fltreasurehunt.org
Phone: (850) 410-9253
Toll Free: 1-888-258-2253 (Florida only)
Florida Department of Financial Services
Bureau of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910


The following documents are provided as Adobe Acrobat PDF files best viewed using the free Adobe Acrobat reader software.

Court Documents

DateTitleSize
10/31/2016Order Approving Department's Discharge Accounting, Authority to Reserve for Discharge Expenses, Authority to Transfer Unclaimed Property, Authorizing Reimbursement of Contributed Equity, Authorizing Destruction of Obsolete Records and Directing Final Disc61K
10/14/2016Department's Motion for Order Approving Discharge Accounting, Authority to Reserve for Discharge Expenses, Authority to Transfer Unclaimed Property, Authorizing Reimbursement of Contributed Equity, Authorizing Destruction of Obsolete Records and Directing685K
05/13/2016Order Deeming GFN Corporation Class 10 Claim as Timely Filed and for Approval of the Sixth Interim Claims Report and Recommendation on Claims732K
05/12/2016Order Approving Receiver's Final Claims Report for Classes 1-8, Claims Distribution Report, Distribution Accounting And Authority to Distribute489K
05/12/2016Receiver's Motion for an Order Deeming GFN Corporation Class 10 Claim as Timely Filed and for Approval of the Sixth Interim Claims Report and Recommendation on Claims333K
05/11/2016Receiver's Motion for Approval of the Final Claims Report for Classes 1-8, Claims Distribution Report and Distribution Accounting and For Order Authorizing Distribution412K
03/11/2016Order Approving Receiver's Fifth Interim Claims Report and Recommendation on Claims617K
03/07/2016Receiver's Motion For Approval of the Fifth Interim Claims Report and Recommendation on Claims259K
10/28/2015Order Authorizing Receiver's Final Claims Report for Classes 1-3, Claims Distribution Report, Distribution Accounting and Authorizing Distribution474K
10/23/2015Receiver's Motion for Approval of the Final Claims Report for Classes 1-3, Claims Distribution Report and Distribution Accounting and for Order Authorizing Distribution365K
06/03/2015Order Approving Receiver's Fourth interim Claims Report and Recommendation on Claims23K
06/02/2015Receiver's Motion for Approval of the Fourth Interim Claims Report and Recommendation on Claims179K
09/26/2011Order Approving Receiver's 3rd Interim Claims Report and Recommendation on Claims25K
09/19/2011Receiver's Motion for Approval of 3rd Interim Claims Report and Recommendation on Claim139K
02/08/2011Order Approving Receiver's Second Interim Claims Report and Recommendations on Claims19K
02/07/2011Receiver's Motion for Approval of the Second Interim Claims Report and Recommendations on Claims142K
09/27/1993Receiver's Motion for Order Authorizing Distribution to Class 3 Employee Priority Claim and Memorandum in Support of Same106K
09/27/1993Order Authorizing Distribution to Class 3 Employee Priority Claims39K
12/29/1992Consent Order Appointing The Florida Department Of Insurance As Receiver For Purposes Of Liquidation, Injunction and Notice Of Automatic Stay19K