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Welcome to the Conservation & Liquidation Office home page

If you are looking for general information about the conservation or liquidation process, please consult our FAQ (Frequently Asked Questions).

If you are looking for information about a specific insurance company that has been placed under conservation or liquidation by the State of California, please visit our Insolvent Companies area.

MISSION DISTRIBUTION

If you need general information about the distribution you may email us at MissionInfo@caclo.org, call us at (415) 676-2125 or consult the FAQ section on the Mission or Mission National webpage. For questions about the Mission National Class 5 interest distribution only, please contact Robert H. Nunnally, Esq. at robert@wnglaw.com or at (972) 840-9080.
In The News
2008 Annual Report
All Estates
May 7, 2009 - The following report summarizes the activities of the Conservation & Liquidation Office (CLO), and displays Estates opened and closed during 2008 and Estates open at December 31, 2008. ...
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Remaining Settlement Proceeds of Altus Litigation Funds Transferred to Aurora
Executive Life Insurance Company
July 5, 2007 - Remaining Settlement Proceeds of Altus Litigation Funds were transferred to Aurora today for distribution to ELIC Opt-in policyholders in the fall 2007.
Judgment In Conformity With Final Arbitration Decision
Executive Life Insurance Company
June 29, 2007 - Commissioner received judgment in conformity with final arbitration decision. ...
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Notice Of Motion For An Order Approving Distribution Of Specified Altus Litigation Proceeds
Executive Life Insurance Company
June 29, 2007 - Commissioner receives Order Granting Motion of Insurance Commissioner of the State of California for an Order Approving Distribution of Specified Altus Litigation Proceeds Consistent with Final Arbitration Decision. ...
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Notice Of Hearing On Petition To Confirm Final Arbitration Decision
Executive Life Insurance Company
June 1, 2007 - Commissioner files Notice of Hearing on Petition and Petition by Insurance Commissioner of the State of California to Confirm Final Arbitration Decision; Supporting Memorandum of Points and Authorities; [Proposed] Judgment. The court hearing is scheduled for June 29, 2007
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Notice Of Motion For An Order Approving Distribution Of Specified Altus Litigation Proceeds
Executive Life Insurance Company
June 1, 2007 - Commissioner files Notice of Motion and Motion of Insurance Commissioner of the State of California for an Order Approving Distribution of Specified Altus Litigation Proceeds Consistent with Final Arbitration Decision, and Supporting Memorandum of Points and Authorities. The court hearing is scheduled for June 29, 2007
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Order Approving Interim And Early Distributions
PAULA Insurance Company
May 31, 2007 - Court grants Commissioner's Order Approving an Interim Distribution of Assets to Approved Claimants and Early Access Distribution to Insurance Guaranty Associations. ...
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Notice Of Hearing On Verified Application For Order Approving Interim And Early Distributions
PAULA Insurance Company
April 16, 2007 - Commissioner files Verified Application of Insurance Commissioner for an Interim Distribution of Assets to Approved Claimants and Early Access Distribution to Insurance Guaranty Associations and Points and Authorities in Support Thereof. The court hearing will be held on May 31, 2007. ...
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California Insurance Commissioner Steve Poizner Announces $443.5 Million Arbitration Award
Superior National Insurance Company
March 2, 2007, Sacramento - California Insurance Commissioner Steve Poizner today announced the Department's Conservation and Liquidation Office (CLO) has won an arbitration award of $443,515,724 in favor of the five Superior National Insurance Companies in Liquidation. The arbitration award is against United States Life Insurance Company, a subsidiary of AIG, and subject to court review. Commissioner Poizner said he is pleased that the panel of arbitrators made the award, which must be approved by the courts. "These funds will go toward paying the claims of injured workers insured by the insolvent Superior National companies," said Poizner. "In the future, it will also benefit all California employers, who will pay less in premium surcharges." The arbitration arose from a dispute of a...
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Insurance Commissioner John Garamendi Announces $295 Million in Additional Distributions to Executive Life Policyholders After Arbitrator's Decision Regarding Litigation Proceeds
Executive Life Insurance Company
Ruling means that the proceeds, won through the Commissioner's litigation on behalf of Executive Life policyholders, will be distributed to claimants who "opted in" to a recovery plan associated with ELIC's successor, Aurora National Life Assurance Co.
SACRAMENTO - Insurance Commissioner John Garamendi on Thursday announced that the Department of Insurance has won a dispute over the distribution of proceeds obtained through litigation on behalf of policyholders of the failed Executive Life Insurance Company (ELIC). The recent decision by an arbitrator means that former policyholders who "opted" to participate in the approved ELIC recovery plan will now share an additional $295 million. To date, the Department has collected approximately $730 million in proceeds from litigation filed...
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