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Wednesday, May 27, 2015

Lumbermen's Underwriting Alliance in Receivership

On May 19, 2015, Lumbermen’s Underwriting Alliance, a reciprocal inter-insurance exchange organized under the laws of the State of Missouri ("Lumbermen's"), was ordered into receivership for the purposes of rehabilitation by the Circuit Court of Cole County, Missouri (the "Court"). 

The Court appointed John M. Huff, Director of the Missouri Department of Insurance, Financial Institutions & Professional Registration, and his successors in office, as the statutory Receiver of Lumbermen's. U.S. Epperson Underwriting Company, as Attorney-in-Fact for Lumbermen's, consented to the receivership. 

Pleadings and other information can be found by clicking here. The Judgment, and all subsequent proceedings concerning Lumbermen's, will be conducted in accordance with Mo. Rev. Stat. §§ 375.1150 to 375.1246.