Constitutional Casualty Company
Welcome to the webpage for Constitutional Casualty Company.
On January 21, 2011, Constitutional Casualty Company was ordered
into liquidation. Dana Popish Severinghaus, 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
Constitutional Casualty Company:
|Liquidation Date:||January 21, 2011|
|Claims Filing Deadline:||July 23, 2012|
|Contingent Claims Filing Deadline:||January 23, 2013|
|Docket Number:||10 CH 47490|
|Click here to view the Constitutional Casualty Company docket and upcoming court dates maintained by the Clerk of the Supervising Court.|
|Related Documents and Links:|
|Historical Data:||Check the NAIC Global Receivership Information Database ("GRID") for additional data on insurance companies in receivership.|
On January 7, 2011, Illinois Director of Insurance Michael T McRaith filed a Verified Complaint for Liquidation of Constitutional Casualty Company in the Circuit Court of Cook County, Illinois, pursuant to the provisions of Article XIII of the Illinois Insurance Code. The Complaint for Liquidation seeks the entry of an Order of Liquidation with a Finding of Insolvency. The Illinois Insurance Guaranty Fund will be triggered for the protection of Constitutional Casualty Company's policyholders in accordance with the provisions of the Illinois Insurance Guaranty Fund Act, in the event that the Order of Liquidation and Finding of Insolvency sought by Director McRaith is entered by the Circuit Court. Under Illinois law, Constitutional Casualty Company has ten days to answer the Verified Complaint.
On January 21, 2011, the Circuit Court of Cook County Illinois entered an Agreed Order of Liquidation With A finding of Insolvency against Constitutional Casualty Company. The Agreed Order of Liquidation has triggered the protection of the Illinois Insurance Guaranty Fund in accordance with the provisions of the Illinois Insurance Guaranty Fund Act. Policies that do not otherwise expire on an earlier date, and that are covered by the Illinois Insurance Guaranty Fund, shall be cancelled effective 11:59 p.m., Central Standard Time, on February 20, 2011. Any policy that is not covered by the Illinois Insurance Guaranty Fund was cancelled upon the entry of the Agreed Order of Liquidation.