OSD Mission Statement
Our mission is to achieve consumer protection through receivership resolution expertise and the execution of a resolution strategy appropriate to the unique circumstances of each troubled company estate, including maximization of asset recovery, fair disposition of claims, and timely delivery of assets to creditors.
OSD Latest News
Land of Lincoln Mutual Health Insurance Company - On July 14, 2016, An Agreed Order of Rehabilitation was entered against Land of Lincoln Mutual Health Insurance Company (“Land of Lincoln”) by the Circuit Court of Cook County, Illinois pursuant to the provisions of Article XIII of the Illinois Insurance Code, 215 ILCS 5/187 et seq.
Statewide Indemnity Company - On June 27, 2016, the Supervisory Court entered an estate closing order which terminated the liquidation proceedings of Statewide Insurance Company.
Legion Indemnity Company - On June 8, 2016, the Supervising Court approved a 16.0% fifth dividend and distribution of estate assets on timely-filed, allowed and Court approved claims at Illinois statutory priority level 215 ILCS 5/205(1)(d).