Workers' Compensation: Arrowood Indemnity Company In Liquidation

Friday, December 1, 2023

Arrowood Indemnity Company In Liquidation

On November 8, 2023, Arrowood Indemnity Company, a Delaware domestic property and casualty insurance company (“Arrowood”) was ordered liquidated by the Court of Chancery of the State of Delaware (the “Court”).

Arrowood was incorporated in 1979 under its former name, Royal Indemnity Company, and was headquartered in Charlotte, NC. The company wrote property, surety, marine and transportation, workers’ compensation, and casualty insurance policies or contracts and has been licensed in all fifty (50) States and the District of Columbia.

Pursuant to the Order of the Court, all persons or entities are enjoined from instituting or further prosecuting any action at law or in equity, special, or other proceedings or moving forward with any pretrial conference, trial, application for judgment, or proceedings on judgment or settlements:

Against Arrowood except as otherwise provided in the Order; and
In which Arrowood is obligated to defend a party insured or any other person it is legally obligated to defend by virtue of its insurance contract for a period of 180 days from the date of the Order.

All persons or entities having in their possession Assets or possible Assets of Arrowood are enjoined from transacting any business of, or on behalf of, Arrowood or selling transferring, destroying, wasting, encumbering, or disposing of any of the Assets without the prior written permission of the Receiver or upon further Order of the Court.

National Guaranty Fund Insolvency Contact List

New Jersey P-L Insurance Guaranty Association Workers’ Compensation Security Fund [WCSF]

Renan Beside, Assistant Director of Claims

RBesido@NJGuaraanty.org

908-382-7334

233 Mount Airy Road, Second Floor

Basking Ridge, NJ 07920

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Jon L. Gelman of Wayne, NJ, is the author of NJ Workers’ Compensation Law (West-Thomson-Reuters) and co-author of the national treatise Modern Workers’ Compensation Law (West-Thomson-Reuters). For over five decades, the Law Offices of Jon L Gelman 1.973.696.7900 jon@gelmans.com has represented injured workers and their families who have suffered occupational illnesses and diseases.