Lumbermens Mutual Casualty Company ("Lumbermens"), American Manufacturers Mutual Insurance Company ("AMMIC") and American Motorists Insurance Company ("AMICO")
Welcome to the webpage for Lumbermens Mutual Casualty Company, American Manufacturers Mutual Insurance Company (AMMIC), and American Motorists Insurance Company (AMICO).
On May 08, 2013, Lumbermens Mutual Casualty Company, American Manufacturers Mutual Insurance
Company, and American Motorists Insurance Company were 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 Lumbermens Mutual Casualty Company, American Manufacturers Mutual Insurance Company, and
American Motorists Insurance Company: |
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Liquidation Date: | May 10, 2013 (Lumbermens, AMMIC & AMICO) |
Rehabilitation Date: | July 2, 2012 (Lumbermens & AMMIC) |
Rehabilitation Date: | August 16, 2012 (AMICO) |
Claims Filing Deadline: | November 10, 2014 |
Contingent Claims Filing Deadline: | November 10, 2017 |
Docket Number: | 12 CH 24227 |
Related Documents and Links: | |
Documents Concerning Proposed Workers’ Comp Estimation Model |
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Latest News: | |
On February 13, 2024, the Supervising Court approved the Liquidator’s Application for authorization to issue a 15% first interim dividend on all claims allowed, or to be allowed, at Level D of Illinois’ schedule of priorities. Details concerning the requirements for receiving a dividend check are set forth in the court’s approval order which can be found here here |
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Historical Data:: | Check the NAIC Global Receivership Information Database ("GRID") for additional data on insurance companies in receivership. |
Lumbermens Mutual Casualty Co. (“Lumbermens”), American Manufacturers Mutual Ins. Co (“AMMIC”)., and American Motorists Ins. Co (“AMICO”) were affiliated companies, transacting business as the “Kemper Insurance Companies.” On July 2, 2012, the Circuit Court of Cook County, Illinois (the “Supervising Court”) entered an Agreed Order of Rehabilitation against both Lumbermens and AMMIC in accordance with the provisions of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq. On August 16, 2012, the Supervising Court entered an Agreed Order of Rehabilitation against AMICO in accordance with the provisions of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq. On May 8, 2013, the Supervising Court entered Orders of Liquidation against each of Lumbermens, AMMIC, and AMICO in accordance with the provisions of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq. The orders of Liquidation were effective as of May 10, 2013, which is the date of liquidation for the three companies. Also on May 08, 2013, the Supervising Court entered an order granting the Rehabilitator’s Motion for Substantive Consolidation of the liabilities and assets of the estates of Lumbermens, AMMIC, and AMICO. Pursuant to the order granting substantive consolidation, the assets and liabilities of the estates of Lumbermens, AMMIC, and AMICO were combined for purposes of any distribution(s) that may be made on claims allowed in the liquidation proceedings, while the companies continued to exist as separate legal entities. The purpose of the substantive consolidation is to achieve an equitable allocation of the assets consistent with the companies’ pre-liquidation operations. On December 16, 2014, Lumbermens, AMMIC and AMICO entered an Agreement of Merger with an effective date of December 31, 2014. In accordance with the Agreement of Merger, Lumbermens is the surviving entity and acquired all the property, rights, and obligations of AMMIC and AMICO by virtue of the laws of the State of Illinois. On February 2, 2024, the Liquidator filed with the supervising court her Application For An Order Authorizing The Liquidator To Declare And Effectuate A 15% First Interim Dividend On All Claims Allowed, Or To Be Allowed, For Distribution At Level D Of The Schedule Of Priorities (the “Application”). Upon the filing of the Application, the Liquidator stopped accepting and processing assignments of claim. On February 13, 2024, the Supervising Court approved the Liquidator’s Application for authorization to issue a 15% first interim dividend on all claims allowed, or to be allowed, at Level D of Illinois’ schedule of priorities. Effective May 8, 2024, the Liquidator started to again accept and process assignments of claim meeting the Receiver's policy with respect to the assignment of claims which can be found here. In accordance with the policy, the Liquidator will only consider for acceptance assignments of claim paying the assignor/claimant consideration equal to at least 15% of the allowed amount of the claimant’s Level D claim in the liquidation proceedings. If and when the Liquidator files a distribution petition with the Supervising Court requesting approval of a second distribution at Level D, assignments of claim will no longer be accepted after the distribution petition has been filed with the Supervising Court. |