Office of the Special Deputy Receiver

Representing Michael T. McRaith, Director, Illinois Department of Insurance
Patrick D. Hughes, Special Deputy Receiver & Chief Executive Officer

Illinois Insurance Company

Estate Closed
Liquidation Date: September 19, 1997
Claim Filing Deadline: September 21, 1998
Contingent Claim Deadline: September 21, 1999
Estate Closed: November 4, 2004
   
Docket Number: 97 CH 11421
   
Historical Data:
   
On September 11, 1997, Inland American Insurance Company, a domestic property and casualty company, was placed under an Order of Conservation. On September 19, 1997, an Agreed Order of Liquidation With a Finding of Insolvency was entered against the company in the Circuit Court of Cook County, Illinois. All outstanding shares of common stock are owned by Inland Investors, L.P., a limited partnership domiciled in Illinois. 

Licensed only in Illinois, this company primarily wrote property and liability coverages for under twelve unit rehabilitated apartment buildings.

The claim filing deadline was September 21, 1998, with a contingent claim date of September 19, 1999.   1,443 claims were filed with the Liquidator.  Early access distributions of $1,522,278 have been made to the Illinois Guaranty Fund for administrative expenses.

Last updated July 2009.

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