Información Demográfica de la Compañía
Name of Company:	CORAL INSURANCE COMPANY
Case Number:	2009 1367
Guaranty Association:	Florida Insurance Guaranty Association(FIGA)
Type of Coverage:	Propiedades y Accidentes
State of Domicile:	Florida
Status of Receivership:	Cerrado
Fechas Importantes de la Quiebra
Date of Rehabilitation:	09 de Abril de 2009
Date of Liquidation:	26 de julio de 2010
Policy Cancellation Date:	31 de Mayo de 2009
Claims Filing Deadline:	25 de julio de 2011
Objection Deadline:	N/A
Date of Discharge:	01 de Junio de 2013

Notificación de la Administración Judicial

​On April 9, 2009, Coral Insurance Company ("Coral") was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of Coral. The company consented to the receivership.

El 19 de Julio de 2010, Coral aceptó ser puesta en liquidación a partir del 26 de Julio de 2010.

On April 5, 2011, the Receiver mailed proof of claim forms to all known claimants of Coral.

Información General

​Coral, a Florida corporation licensed in 2004, was headquartered in Hollywood, Florida. The company was authorized to transact business in the state of Florida as a domestic property and casualty insurer. Coral wrote homeowner’s multi-peril insurance coverage in Florida. Coral had approximately 11,750 policies in force as of the date of rehabilitation. The largest concentration of policies were located in Palm Beach, Miami-Dade and Broward counties. The company stopped writing new policies on February 26, 2009 and stopped renewing policies effective March 30, 2009. As of May 31, 2009, all in-force policies of the company were cancelled.

Claims Evaluation and Distributions

​On July 11, 2012, the First Interim Claims Report was filed with the Court in the estate of Coral Insurance Company (Coral). On July 13, 2012, the Court issued an order approving the report. The First Interim Claims Report addresses non-Guaranty Association filed claims. Only claims in Classes 1 and 2 were evaluated due to limited assets in the estate. The Receiver does not anticipate a distribution to any claimants beyond Class 2. On July 25, 2012, Notices of Determination ("Notices") were mailed to the 9,842 claimants that filed a claim in the estate. The Notice informed them of the Receiver's recommendations concerning the classification and amount of their claim, along with instructions on how to proceed if a claimant objected to the recommended class or claim value. Objections were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by September 7, 2012. Objections filed after that date were not considered.

On May 13, 2013, the Court approved an order, to be effective June 1, 2013, discharging the Receiver from any further responsibilities regarding Coral Insurance Company and closing the estate. Due to insufficient funds, no distribution was made to claimants.

The following documents are provided as Adobe Acrobat PDF files best viewed using the free Adobe Acrobat reader software.

Documentos de la Corte

Fecha	Título	Tamaño
07/10/2013	Order Approving Receiver's Motion Authorizing Destruction of Obsolete Records, and Assignment of Judgments or Liens To the Florida Guaranty Association	17K
07/09/2013	Receiver's Motion Authorizing Destruction of Obsolete Records, and Assignment of Judgments or Liens To the Florida Guaranty Association	26K
05/13/2013	Amended Order Approving Receiver's Second Interim Claims Report, Final Claims Report, and Claims Distribution Report and Distribution/Discharge Accounting Statement, and Directing Distribution and Final Discharge as of June 1, 2013	19K
05/02/2013	Receiver's Motion for Order Approving Receiver's Second Interim Claims Report, Final Claims Report, and Claims Distribution Report and Distribution/Discharge Accounting Statement, and Directing Distribution and Final Discharge	1,851K
07/13/2012	Order Approving Receiver's Motion for Approval of First Interim Claims Report and Recommendation on Claims	16K
07/11/2012	Moción del Administrador Judicial para Aprobar el Primer Informe Provisional de Reclamaciones y Recomendaciones sobre Reclamaciones	550K
08/05/2010	Orden que Aprueba el Procedimiento para Considerar las Reclamaciones de Devolución de Primas como Presentadas a Tiempo	23K
07/19/2010	Orden de Consentimiento Designando al Departamento de Servicios Financieros de la Florida Como Administrador Judicial para los propósitos de Liquidación, Orden Judicial y Notificación de Suspensión Automática.	146K
04/20/2009	Orden que Aprueba la Moción del Administrador Judicial para la Orden de Cancelación de Pólizas y la Aprobación del Plan para el Pago de la Devolución de Primas y el Pago de Reclamaciones	17K
04/17/2009	Moción del Administrador Judicial para una Orden de Cancelación de Pólizas; Aprobación de Plan para el Pago de Devolución de Primas y Pago de Reclamaciones; Y Modificación de Suspensión Automática	91K
04/09/2009	Orden de Consentimiento Designando al Departamento de Servicios Financieros de la Florida como Administrador Judicial para los propósitos de Rehabilitación, Orden Judicial y Notificación de Suspensión Automática.	93K

 

Notificaciones

Fecha	Título	Tamaño
04/27/2009	Aviso a los Titulares de Póliza de Coral Insurance Company - Cancelación de Póliza (Versión en Inglés)	75K
04/27/2009	Aviso a los Titulares de Póliza de Coral Insurance Company - Cancelación de Póliza (Versión en Español)	84K
04/21/2009	Notificación de Cancelación de Póliza para el Agente o Corredor con Respecto a la Rehabilitación de Coral Insurance Company	62K
04/13/2009	Notificación al Agente o Corredor con Respecto a la Rehabilitación de Coral Insurance Company	38K
04/07/2009	Notificación del Agente Emitida por Coral Insurance Company	26K
03/27/2009	Orden de Suspensión Emitida por la Oficina de Regulación de Seguros de la Florida	51K