|Name of Company:||Insurance Company of the Americas|
|Date of Liquidation:||January 24, 2018|
|Policy Cancellation Date:||February 23, 2018|
|Claim Filing Deadline:||July 24, 2018|
Contact information for other states' guaranty funds can be found at https://ncigf.org/public/guarantyfunds.
|Type of Coverage:||Property and Casualty - Workers'' Compensation|
|State of Domicile:||Florida|
|Status of Receivership:||Liquidation|
Notice of Receivership
On January 24, 2018, Insurance Company of the Americas ("ICA") consented to and was placed into liquidation by the Second Judicial Circuit Court (“the Court”) in and for Leon County, Florida. The Florida Department of Financial Services, Division of Rehabilitation and Liquidation, is the court-appointed Receiver of ICA.
On January 24, 2018, Insurance Company of the Americas (“ICA”) was ordered into receivership for the purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department”) is the court appointed Receiver of Insurance Company of the Americas.
ICA was licensed in Florida in 1976 as a domestic insurer. ICA was a workers’ compensation insurance company located in Lake Mary, Florida, but operated primarily out of Arizona.
Prior to being placed into receivership, ICA had ceased writing new or renewal business as of April 2008, and had been servicing claims under previously written policies. Fewer than 12 claims are reported to be open at the time of liquidation.