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 September 29, 2016, an Agreed Order of Liquidation With A Finding of Insolvency was entered against Land of Lincoln Mutual Health Insurance Company (“Land of Lincoln”) by the Circuit Court of Cook County, Illinois pursuant to the provision of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq. The order is effective 12:01 a.m. Central Standard Time, on October 1, 2016.
United Capitol Insurance Company - On August 23, 2016, the Supervising Court entered an order approving a $4,530,114 final distribution of United Capitol’s estate assets to statutory priority level (g) general creditor claimants [215 ILCS 5/205(1)(g)]; closing the United Capitol receivership estate; and terminating the United Capitol liquidation proceedings without prejudice pursuant to 215 ILCS 5/211.1(a).