Division of Rehabilitation and Liquidation
| Name of Company: | Ocean Casualty Insurance Company |
|---|---|
| Date of Liquidation: | October 12, 1992 |
| Policy Cancellation Date: | November 12, 1992 |
| Claims Filing Deadline: | July 15, 1993 |
| 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: | Discharged |
| Date of Discharge: | November 30, 2006 |
Proof of claim forms were mailed in 1992. Any proof of claim form filed after the claims filing deadline was considered “late filed”. If you submitted a proof of claim form, you were notified, in writing, of the Receiver’s recommendation on your claim.
The Second Interim Claims Report was filed with the Second Judicial Circuit Court in and for Leon County, Florida (“Court”) in the estate of Ocean Casualty Insurance Company (“Ocean Casualty”). The Court issued an order approving the report on November 20, 2003. On December 3, 2003, notices were mailed to 9,112 Ocean Casualty claimants who filed a proof of claim in the Ocean Casualty estate. The notice informed them of the Receiver’s recommendation concerning the classification and amount of their claim, along with instructions on how to proceed if they objected to the recommendation. Objections were required to be filed by the claimant, in writing, with the Court and the Receiver and postmarked by January 16, 2004. Objections filed after that date were not considered.
On January 25, 2005, the court issued an order approving the Third Interim Claims Report on Guaranty Association Claims.
On March 27, 2006, the Receiver filed a motion for approval of the Final Claims Report, the Final Distribution Report, Distribution Accounting and approval to make a distribution to claimants in Classes 1 and 2. On March 30, 2006, an order was entered that granted approval for the Receiver to mail distribution checks representing 100% of the recommended and adjudicated amount to claimants in Class 1 and 22.8686% of the recommended and adjudicated amount to claimants in Class 2. As a result of the order, 1,170 claimants were approved to receive a distribution check. The checks were mailed on April 11, 2006. The majority of the distribution checks represented a pro-rated amount of the $100.00 statutory deductible applied by the Florida Insurance Guaranty Association ("FIGA") in their settlement of claims within this estate. No other distributions were made in this estate.
On November 30, 2006, the Court issued an Order that discharged the Florida Department of Financial Services of its duties as Receiver of Ocean Casualty.
Pursuant to the court order, all undelivered distributions will be sent to the
Department of Financial Services, Bureau of Unclaimed Property. The Bureau of Unclaimed
Property may be reached at:
www.fltreasurehunt.org
Phone: (850) 410-9253
Toll Free: 1-888-258-2253 (Florida only)
Florida Department of Financial Services
Bureau of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910
For questions or comments regarding this website, please click here.
