Frontier Pacific ("FPIC") is a California-domiciled wholly owned subsidiary of the New York-based parent company, Frontier Insurance Company ("FIC"). In August 2001, FIC voluntarily placed itself in rehabilitation with the New York Department of Insurance. As a result of the Rehabilitation, FIC cut off certain monies to FPIC. This prompted the California Department of Insurance to examine FPIC and it was determined that the company was insolvent, thus placing it into conservation on September 7, 2001. The Liquidation Order was signed on November 30, 2001, requiring policy cancellations to be mailed for FPIC policies in effect as of December 30, 2001.
On July 23, 2012, the San Diego Superior Court issued an order approving the estate's application for an interim distribution (pro-rata 55.5%) to approved claimants. On May 22, 2015, the FPIC estate filed an application for a final distribution (pro-rata 85.24%) of estate assets. The court granted an order approving the distribution application on June 23, 2015 and the estate completed its final distribution of assets on July 8, 2015. FPIC filed its Declaration of Compliance on October 25, 2016, which officially closed the estate and discharged the California Insurance Commissioner as Liquidator.
