On January 26, 2011, Commercial Insurance Alliance (“CIA”) was ordered
into receivership for purposes of liquidation by the Second Judicial Circuit
Court in Leon County, Florida ("Court"). The Florida Department of Financial
Services is the court appointed Receiver of CIA. The company consented to the receivership.
Company Demographic Information:
CIA was licensed as a reciprocal insurer under Chapter 629, Florida Statutes, in 2006. CIA wrote commercial multi-peril liability, commercial auto liability and surety policies. The company was located in Jacksonville, Florida, but closed its main office in 2010. At its maximum level, it is estimated that CIA had no more than 5,000 policyholders. However, under an Order from the Florida Office of Insurance Regulation dated August 19, 2009, CIA’s certificate of authority was suspended and it was ordered to cease writing new or renewal insurance business. At the time of the liquidation, all of the CIA policies had expired and CIA was in a "run-off" mode. Thus, as of the liquidation date, there were no known policyholders.
POLICY ISSUES: Under the liquidation order, all policies written by CIA are cancelled on January 26, 2011, unless otherwise terminated prior to that date.
Under the liquidation order, the deadline for filing claims in the CIA receivership is 11:59:59 p.m. on January 26, 2012. Information regarding the method for filing claims in the liquidation proceeding will be mailed to CIA’s policyholders and also available on the Receiver’s website in the near future.
Until further notice, consumers with questions are asked to contact the Receiver by using the “Contact Us” form at the Receiver’s website, www.myfloridacfo.com/Division/Receiver or call the Florida Department of Financial Services, as Receiver, at 1-800-882-3054 or (850) 413-3081. Copies of the Liquidation Order and other relevant information are available on the Receiver’s website, www.myfloridacfo.com/Division/Receiver.