Majestic Insurance Company
On-Site Manager: Joe Holloway
Email Address: HollowayJ@caclo.org
Telephone Number: (415) 676-2126
Conservation Date: 04/21/2011
POC Final Filing Date: 01/31/2012
Closure Date: 11/20/2015
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On April 21, 2011, the Insurance Commissioner of the State of California (the "Commissioner") was appointed by the Superior Court of San Francisco as Conservator of Majestic Insurance Company (the "Company") pursuant to Section 1011 of the California Insurance Code. The Conservation Order authorizes and empowers the Commissioner, through his Conservation & Liquidation Office, to conserve Majestic and its assets for the benefit of Majestic's policyholders, claimants, creditors and shareholder. The Conservation will not cause any disruption or delay in the delivery of workers' compensation benefits to injured workers covered under Majestic policies. Policyholders are encouraged to pay their premiums.

The Commissioner has simultaneously filed a Plan of Rehabilitation for the Company. As part of the Plan of Rehabilitation, the Company and AmTrust North America, Inc. ("AmTrust") have entered into an agreement to transfer all insurance liabilities and certain assets from the Company to AmTrust. The components will include a Loss Portfolio Transfer, Sales of Renewal Rights, and an Asset Purchase Transaction. The Superior Court will set a hearing for the Rehabilitation plan on June 2, 2011.

Additional information is available on this website or contact Majestic at (800) 216-7770.