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Monday, May 2, 2011

Atlantic Mutual Placed into Liquidation

The once viable workers' compensation insurance carrier has been placed into liquidation. An Order of Liquidation was filed to terminate Atlantic Mutual Insurance Company (AMIC) and Centennial Insurance Company on April 26, 2011.


The Court converted the rehabilitation proceeding into a liquidation action by the filing of the Order. The companies were previously the subject of a Rehabilitation Order that was entered on September 16, 2010. AMIC was found to be insolvent and efforts to rehabilitate the company were deemed futile.


Click here to view The Order of Liquidation. 
http://www.nylb.org/Documents/AMIC-L.pdf

For over 3 decades the Law Offices of Jon L. Gelman  1.973.696.7900  jon@gelmans.com have been representing injured workers and their families who have suffered occupational accidents and illnesses.