Division of Rehabilitation and Liquidation
| Name of Company: | Coral Insurance Company |
|---|---|
| Date of Liquidation: | July 26, 2010 |
| Policy Cancellation Date: | May 31, 2009 |
| Claims Filing Deadline: | July 25, 2011 |
| Guaranty Association: |
Florida Insurance Guaranty
Association (you are leaving the DFS website and opening a new browser window) |
| Type of Coverage | Property and Casualty |
| State of Domicile | Florida |
| Status of Receivership | Liquidation |
Notice of Receivership
On April 9, 2009, Coral Insurance Company (“Coral”) was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of Coral. The company consented to the receivership.
On July 19, 2010, Coral consented to be placed into liquidation effective July 26, 2010.
On April 5, 2011, the Receiver mailed proof of claim forms to all known claimants of Coral. For additional information on the proof of claim filing process, please click here.
Company Demographic Information
Coral, a Florida corporation licensed in 2004, is headquartered in Hollywood, Florida. The company was authorized to transact business in the state of Florida as a domestic property and casualty insurer. Coral wrote homeowner’s multi-peril insurance coverage in Florida. Coral had approximately 11,750 policies in force as of the date of rehabilitation. The largest concentration of policies were located in Palm Beach, Miami-Dade and Broward counties. The company stopped writing new policies on February 26, 2009 and stopped renewing policies effective March 30, 2009. As of May 31, 2009, all in-force policies of the company were cancelled.
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