Delta Casualty Company
Estate Closed
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Welcome to the webpage for
Delta Casualty Company. On December 4, 2001, Delta Casualty
Company was ordered into liquidation, and
the Director of Insurance was affirmed as Receiver. By Illinois
law, the Director may appoint a Special Deputy Receiver to administer
the receivership. By power of attorney, Patrick D. Hughes is the
Special Deputy Receiver to Director of Insurance Andrew Boron, and the Office of the Special Deputy Receiver
handles the day-to-day administration of the liquidation proceedings
under the direction of the Special Deputy, subject to the ultimate
authority of the Director and to court supervision. Here is
additional information on Delta Casualty Company: |
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| Liquidation Date: | December 4, 2001 |
| Claims Filing Deadline: | December 4, 2002 |
| Contingent Claims Filing Deadline: | December 4, 2003 |
| Estate Closed: | June 23, 2009 |
| Docket Number: | 01 CH 20445 |
| Related Documents: | |
Financial Statements and Independent Auditors' Report |
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| Historical Data: | |
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Delta Casualty began business in 1967 and was licensed in Illinois, Florida and Iowa. The company primarily wrote commercial automobile liability, physical damage and workers compensation coverages for cab companies in the Chicago metropolitan area, as well as nonstandard private passenger automobile business in the state of Florida. The company discontinued all of its commercial cab business in December 2000 and its nonstandard Florida automobile business in March 2001. On December 4, 2001, an Order of Liquidation with a Finding of Insolvency was entered against Delta Casualty Company. Delta Casualty was a privately held, domestic property and casualty company. The claim filing deadline was December 4, 2002, with a contingent claim date of December 4, 2003. Early access distributions totaling $2,920,298 have been made to various Guaranty Funds for administrative expenses and claim benefits. On February 20, 2008, the Supervising Court entered an Order approving the Liquidator’s application for the payment of a 100% dividend on all timely-filed claims allowed at priority levels (a)-(g) of the distribution schedule. A total of $480,173 was distributed. Following payment of the dividend, there was a surplus, and the Liquidator filed a petition pursuant to Section 210 of the Code for purposes of requesting the setting of a second bar date for the filing of proofs of claim. On March 20, 2008, the Supervising Court entered an Order establishing a new claim filing deadline of December 22, 2008. On June 23, 2009, an order was entered approving a final distribution of the estate's assets, resulting in all allowed claims being paid in full. The June 23rd order further provided that the estate be close as of that date. Last updated October 2010 |
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