Coastal Insurance Company
Estate Manager: Rommel Adao Email Address: AdaoR@caclo.org Telephone Number: (415) 676-5037 Conservation Date: 02/02/1989 Liquidation Date: 03/06/1989 POC Final Filing Date: 09/20/1989 Closure Date: 10/20/2004 Expand All    Collapse All Summary 2004 - 1 document 10/20/2004 - Declaration Of Compliance

Coastal wrote primarily Automobile Liability insurance in California, with nearly 200,000 insureds. In addition, it wrote a Medical Malpractice book of business in California and in other states as a Surplus Line carrier. Coastal's parent company, Advent Management Corporation, filed Chapter 11 bankruptcy proceedings.

A final distribution of approximately $39,000,000 was completed in March 2004. On October 20, 2004, the California Insurance Commissioner was discharged as Liquidator concurrent with the filing of the Declaration of Compliance.