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COMMERCIAL INSURANCE ALLIANCE, A RECIPROCAL INSURANCE COMPANY

Company Information

Company Demographic Information
Name of Company:
COMMERCIAL INSURANCE ALLIANCE, A RECIPROCAL INSURANCE COMPANY
Case Number:2011 191
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:
January 26, 2011
Policy Cancellation Date:January 26, 2011
Claims Filing Deadline:
August 01, 2011
Objection Deadline:
N/A
Date of Discharge:
June 30, 2015

Company Information

On January 26, 2011, Commercial Insurance Alliance, a Reciprocal Insurance Company ("CIA") was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of CIA. The company consented to the receivership.

On March 3, 2011, the Court issued an order finding insolvency and the Florida Insurance Guaranty Association has been activated. However, pursuant to Section 631.52(3), Florida Statutes, FIGA does not provide coverage for claims under surety policies.

Background Information

CIA was licensed as a reciprocal insurer under Chapter 629, Florida Statutes, in 2006. CIA wrote commercial multi-peril liability, commercial auto liability and surety policies. The company was located in Jacksonville, Florida, but closed its main office in 2010. At its maximum level, it is estimated that CIA had no more than 5,000 policyholders. However, under an Order from the Office of Insurance Regulation dated August 19, 2009, CIA’s certificate of authority was suspended and it was ordered to cease writing new or renewal insurance business. At the time of the liquidation, all of the CIA policies had expired and CIA was in a “run-off” mode. Thus, as of the liquidation date, there were no known policyholders.


On April 2, 2013, the court approved the First Interim Claims Report and Recommendation on Claims. On April 15, 2013, the Receiver mailed 61 Notice of Determination letters to all known claimants. Classes 1 through 11 were evaluated and the adjudicated amount owed will be shown in the Amount Recommended Claimant field along with the Classification of the claimant. The Objection Filing Deadline was May 31, 2013.


On January 7, 2014 the court approved the Order Approving Receiver’s Report and Directing the Assessment of the Subscribers of Commercial Insurance Alliance (“CIA”). On March 26, 2014, the Receiver mailed 1,941 Assessment letters to all subscribers. Under Florida law and pursuant to the CIA insurance contract, all former subscribers of CIA are responsible for the claims and expenses of CIA and can be assessed for the purpose of collecting sufficient funds to pay those claims and expenses. The deadline for payment is April 15, 2014.

Estate Closed

​On June 22, 2015, the Second Judicial Circuit Court in Leon County, Florida ("Court") entered an Order discharging the Receiver from any and all duties, obligations, and liabilities in the administration of the CIA estate as of 11:59 P.M. on June 30, 2015.


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

Court Documents

DateTitleSize
06/22/2015Order Approving Receiver's Discharge Accounting Statement, Directing Final Discharge, and Authorizing Destruction of Obsolete Records280K
06/14/2015Receiver's Motion for Order Approving Discharge Accounting Statement, Directing Final Discharge, and Authorizing Destruction of Obsolete Records143K
03/17/2015Order Approving Receiver's Final Claims Report, Claims Distribution Report, Distribution Accounting Statement and Authorizing Distribution39K
01/27/2014Order Approving Receiver's Report and Directing the Assessment of the Subscribers of Commercial Insurance Alliance84K
01/24/2014Receiver's Report and Petition For Order Approving and Directing the Assessment of Subscribers827K
06/07/2013Order Approving Receiver's Second Interim Claims Report and Recommendation on Claims29K
06/06/2013Receiver's Motion For Approval of Second Interim Claims Report and Recommendation on Claims66K
04/02/2013Order Approving Receiver's First Interim Claims Report and Recommendation on Claims20K
04/01/2013Receiver's Motion for Approval of First Interim Claims Report and Recommendation on Claims107K
03/03/2011Order Finding Commercial Insurance Alliance is Insolvent and Shortening the Claims Filing Deadline26K
01/26/2011Order Appointing The Florida Department of Financial Services As Receiver For Purposes of Liquidation, Injunction, And Notice Of Automatic Stay139K

 

Notices

DateTitleSize
02/11/2011Notice to Agent or Broker of Commercial Insurance Alliance, A Reciprocal Insurance Company (Spanish Version)55K
02/11/2011Notice to Agent or Broker of Commercial Insurance Alliance, A Reciprocal Insurance Company (English Version)52K

 

Other

DateTitleSize
06/26/2015Insolvency Report14,672K