FIRST COMMERCIAL TRANSPORTATION AND PROPERTY INSURANCE COMPANY
Company Information
| Company Demographic Information | |
| Name of Company: | FIRST COMMERCIAL TRANSPORTATION AND PROPERTY INSURANCE COMPANY |
|---|---|
| Case Number: | 2009 CA 2669 |
| 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: | July 10, 2009 |
| Date of Liquidation: | August 24, 2009 |
| Policy Cancellation Date: | September 23, 2009 |
| Claims Filing Deadline: | August 17, 2010 |
| Objection Deadline: | July 07, 2014 |
| Date of Discharge: | October 31, 2018 |
Notice of Receivership
On August 24, 2009, First Commercial Transportation and Property Insurance Company consented to and was placed into liquidation by the Second Judicial Circuit Court in and for Leon County, Florida. The Florida Department of Financial Services, Division of Rehabilitation and Liquidation, is the court-appointed Receiver of First Commercial Transportation and Property Insurance Company.
On March 8, 2013, the court approved the First Interim Claims Report and Recommendation on Claims. On March 20, 2013, the Department mailed 1,093 Notices of Determination letters to all known claimants. All classes of claims were evaluated. The Class of each claimant and the recommended amount are recorded on the notice. The Objection Filing Deadline was May 6, 2013.
On December 5, 2013, the court approved the Second Interim Claims Report and Recommendation on Claims. On January 16, 2014, the Department mailed 2 Notices of Determination letters to those claimants. The Class of each claimant and the recommended amount are recorded on the notice. The Objection Filing Deadline was February 28, 2014.
On May 9, 2014, the court approved the Third Interim Claims Report and Recommendation on Claims. On May 21, 2014 the Department mailed a Notice of Determination letter to all known claimants. The Class of each claimant and the recommended amount are recorded on the notice. The Objection Filing Deadline was July 7, 2014.
On April 15, 2016, the court approved the Fourth Interim Claims Report and Recommendation on Claims. On April 19, 2016 the Department mailed 1 Notice of Determination letter to all known claimants. The Class of each claimant and the recommended amount are recorded on the notice. The Objection Filing Deadline is June 3, 2016.
Distribution
On May 4th, 2018, distribution checks were mailed. Claimants in class 1 and class 2 received 100% of their evaluated claim. Class 6 received a pro-rata share of 6.59% of their evaluated claim. Funds were insufficient for distribution to any additional classes. This is anticipated to be the only distribution. This distribution is made in accordance with the Court Order of April 4, 2018.
Claimants are encouraged to cash these checks as soon as possible.
A Notice is included with each check providing instruction.
Estate Closed
The Receiver’s Accounting staff is preparing to send all un-negotiated funds to Unclaimed Property. As soon as the transfer is prepared, we will provide you the transfer date. However, this can take several months. All the company bank accounts are closed. There will be no further check reissues. Therefore, please do not open service requests to request the reissue of a check. If checks are outstanding, the consumer must wait until unclaimed property has received the funds and a claim must be made with them.
Unclaimed Property From Previous Distributions:
Pursuant to the Distribution Orders, all uncashed distribution checks were sent to the Department of Financial Services, Division of Unclaimed Property. The Division 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
Division of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910
Related Documents
The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.
Court Documents
Notices
Other
| Date | Title | Size |
|---|---|---|
| 12/28/2015 | Insolvency Report | 1,191K |