Receivership Pleadings and Orders

An Order of Conservation was entered against Millers National Insurance Company on May 17, 1990. An Agreed Order of Rehabilitation was entered against Millers, a domestic fire, property and casualty company, on February 4, 1992. Subsequently, a petition for an Order of Liquidation was filed February 17, 1993. An Agreed Order of Liquidation With a Finding of Insolvency was issued on May 11, 1993. Millers was acquired in 1988 by Forum Holdings, U.S.A., Inc., an insurance holding company which in turn is owned by The Group, Inc., of Concord, Massachusetts.

Originally incorporated in 1865, this company commenced business in 1869 as the Planters Insurance Company. The name was changed in 1875 to the Fidelity Fire Insurance Company. The present title was adopted in 1877

Licensed in 40 states and the District of Columbia, this company wrote fire, allied lines, automobile, inland marine, multi peril and casualty coverages, as well as assumed reinsurance.

Both Forum Holdings, U.S.A., Inc., and The Group filed petitions under Chapter 11 of the U.S. Bankruptcy Code on June 15, 1990. Two companies affiliated with Millers through common ownership were placed into liquidation. They are Oil and Gas Insurance Company (Ohio) and Petrosurance Casualty Company (Oklahoma). Subsequently, Petrosurance was sold to outside parties and taken out of liquidation. Millers'wholly owned subsidiary, Illinois Insurance Company, was placed into conservation simultaneously with Millers, and subsequently sold in 1993. The Illinois Insurance Company was itself liquidated by court order in 1999.

The final date for filing proofs of claim with the Liquidator was May 11, 1994.  The contingent claim deadline was May 11, 1995.  On September 22, 1999, a 100% distribution was made in the amount of $7,414,221 on the policyholder level claims.

On April 3, 2001, the Supervisory Court entered an order approving procedures for the fixing of the timely filed claims of cedent creditors. On April 5, 2001, Final Update forms were mailed to cedents that had timely proofs of claim on file with the Liquidator. In order to be accepted by the Liquidator, Final Update forms had to be received on or before June 4, 2001.  Final Updates were timely filed on 179 of 309 proofs of claim.

A 100% distribution was made at class A in the amount of $2,102,048.  At class D, $7,585,181 was paid out, also a 100% distribution.  In addition, Class E was paid at 100% in the amount of $25,000.  Class G was paid at 58.3410% in the amount of $7,459,421.  The estate was closed on November 12, 2003.