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Frontier Pacific Insurance Company
Estate Trust Officer: Willard Roberts
Email Address: RobertsW@caclo.org
Telephone Number: (415) 676-5034
Conservation Date: 09/07/2001
Liquidation Date: 11/30/2001
POC Final Filing Date: 08/30/2002
Closure Date: 10/25/2016
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July 15, 2010 - The New York Liquidation Court dismissed the petition to liquidate Frontier Insurance Company (FIC), the parent company of Frontier Pacific Insurance Company (FPIC) on the grounds that only the Superintendant of Insurance under NY law has that authority. However, the Court finds it necessary to examine the progress of the Rehabilitator, order that the Rehabilitator come up with a rehabilitation plan for restoring FIC to solvency and give Interested Parties an opportunity to be heard regarding the Rehabilitatorís prior efforts and future plans.

Frontier Pacific Insurance Company (FPIC) was placed in liquidation in November 2001 as a result of its parent Frontier Insurance Company (FIC) being placed in rehabilitation in October 2001 by the New York Liquidation Bureau (NYLB). FIC owes FPIC approximately $19.1 million of reinsurance obligations and about $7 million in other asset obligations. For the past 9 years, FPIC pursued collection of these obligations without success. Underlying our unsuccessful attempts to marshal these assets is the failure of FIC to produce a Rehabilitation Plan as required by the New York Liquidation court. Our most recent attempts to settle the outstanding matters with representatives of the NYLB were unsuccessful as well and as a consequence, the Commissioner, on December 4, 2009, filed a petition in the New York Liquidation Court to place FIC in liquidation with a view to obtaining finality as to our recovery.

The New York Liquidation Court dismissed the petition to liquidate Frontier Insurance Company (FIC), the parent company of Frontier Pacific Insurance Company (FPIC) on the grounds that only the Superintendant of Insurance under NY law has that authority. However, the Court finds it necessary to examine the progress of the Rehabilitator, order that the Rehabilitator come up with a rehabilitation plan for restoring FIC to solvency and give Interested Parties an opportunity to be heard regarding the Rehabilitatorís prior efforts and future plans.

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