ANA Insurance Group was licensed in Louisiana to transact Automobile insurance and Commercial Vehicle insurance. ANA began selling Non-Admitted Automobile insurance in California in 1990. Unlawful activities in California ultimately resulted in a Stipulated Ex Parte Order appointing the Commissioner as ancillary liquidator on July 7, 1994. Louisiana placed ANA into liquidation on May 17, 1993.
Currently, the domiciliary receiver has adjusted all of the California claims but has not made a pro rata distribution to the claimants. Due to ongoing litigation with the former principals of the company, the Louisiana Court has not yet ordered that California claimants to this estate rank equally with Louisiana claimants, despite the Receiver's Agreement between the Commissioner and the Louisiana Receiver ensuring the equal treatment of all claimants.
We are pursuing this matter before the Louisiana Court. The California ancillary will remain open until this litigation is resolved.
