Division of Rehabilitation and Liquidation
| Name of Company: | First Southern Insurance Company |
|---|---|
| Date of Liquidation: | October 31, 1992 |
| Policy Cancellation Date: | October 31, 1992 |
| Claims Filing Deadline: | May 31, 1993 |
| Guaranty Association: | Florida Insurance Guaranty Association (you are leaving the DFS website and opening a new browser window) Florida Workers Compensation Insurance Guaranty Association (you are leaving the DFS website and opening a new browser window) |
| Type of Insurance: | Property and Casualty |
| State of Domicile: | Florida |
| Status of Receivership: | Liquidation |
Proof of claim forms were mailed in early 1993. Any proof of claim form filed after the claims filing deadline was considered "late filed".
This receivership involves multiple states and multiple guaranty associations. The issues regarding multi-state companies are complex in nature and generally require higher levels of coordination.
On May 28, 2008, the Second Interim Claims Report and Recommendations on Claims was filed with the Court.
On May 29, 2008 the Court issued an Order approving the report. On June 12, 2008, notices were mailed to 2,408 First Southern claimants informing them of the Receiver's recommendations concerning the classifications and amounts on their claims, along with instructions on how to proceed if a claimant objects to the recommendations. Objections were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by July 31, 2008. Objections filed after that date were not considered.
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