Illinois Movers' & Warehousemen's Risk Management Group ("Movers")
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Welcome to the webpage for Illinois Movers' & Warehousemen's Risk Management Group.
On July 26, 2012, Illinois Movers' & Warehousemen's Risk Management Group was
ordered into liquidation. Ann Gillespie, Acting Director of Insurance of the
State of Illinois, is the statutory and court-affirmed Liquidator. By Illinois law,
the Director may appoint a Special Deputy Receiver to administer the receivership.
The Office of the Special Deputy Receiver has been appointed to assist in the
day-to-day administration of the liquidation proceedings under the direction of the Director.
Here is additional information on Illinois Movers' & Warehousemen's Risk Management Group: |
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| Conservation Date: | March 16, 2012 |
| Liquidation Date: | July 26, 2012 |
| Claims Filing Deadline: | October 31, 2013 |
| Contingent Claims Filing Deadline: | April30, 2014 |
| Docket Number: | 12 CH 09140 |
| Related Documents and Links: | |
Financial Statements and Independent Auditors' Report |
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| Latest News: |
Illinois Movers’ & Warehousemen’s Risk Management Group On August 12, 2024, the Supervising Court entered an order authorizing the issuance of a first and final dividend at the rate 33.2079% on all claims allowed at priority Level G of Illinois’ distribution schedule, and for the termination of the liquidation and dismissal of the proceedings without prejudice. |
| Historical Data: | |
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On March 16, 2012, an Order of Conservation and Injunctive Relief was entered against Illinois Movers' & Warehousemen's Risk Management Group (“Illinois Movers”) by the Circuit Court of Cook County, Illinois (the “Supervising Court”). In accordance with Illinois law, the Conservation Order was subject to an Order of Sequestration (a confidentiality order) until June 18, 2012, on which date the Order of Sequestration was vacated. Also on June 18, 2012, an order was entered granting the Director of Insurance leave to file a Verified Complaint for Liquidation against Illinois Movers. On July 26, 2012, the Supervising Court entered an Order of Liquidation With a Finding of Insolvency against Illinois Movers in accordance with the provisions of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq. On December 27, 2018, the Supervising Court entered an order approving an eighteen percent (18%) interim dividend on the fifty-one (51) claims allowed at priority level (d) of the statutory distribution schedule, 215 ILCS 5/205(1)(d), (“Level D”) as of that date, as well as on all claims that may subsequently be allowed at priority Level D of the statutory schedule of priorities (215 ILCS 5/205(1)). On June 17, 2022, the Supervising Court entered an order approving an eighty-two percent (82%) second and final dividend on Illinois Movers claims allowed for distribution at priority Level D, resulting in all claims allowed at Level D being paid-in-full. On August 12, 2024, the Supervising Court entered an order authorizing the issuance of a first and final dividend at the rate 33.2079% on all claims allowed at priority Level G of Illinois’ distribution schedule, and for the termination of the liquidation and dismissal of the proceedings without prejudice. |
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