Judge Orders Liquidation Of Insurer That Has Not Written Policies Since 2005

(October 6, 2015, 9:57 AM EDT) -- AUSTIN, Texas — A Texas judge on Sept. 22 ordered the liquidation of an insurer owned by a New York reinsurer that is also in liquidation (The State of Texas v. Alicot Insurance Company, No. D-GN-15-004065, Texas, 345th Dist., Travis Co.).

(Liquidation order available. Document #10-151023-007R.)

The Texas commissioner of insurance on Sept. 21, 2015, petitioned the Travis County 345th Judicial District Court to order the liquidation of Alicot Insurance Co.

The commissioner explained that Alicot began in 1981 as Atlantic Lloyd’s Insurance Company of Texas...
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