Auto insurer Affirmative Insurance Co. was declared insolvent by about $31 million on March 1, 2016 by Acting Illinois Insurance Director Anne Melissa Dowling; a hearing on the complaint for liquidation is set for this Thursday, March 24. Dowling filed with the Illinois Supervising Court a Complaint for Liquidation with a Finding of Insolvency against Affirmative.
An order of rehabilitation was entered against the insurer on September 16, 2015 by the Circuit Court of Cook County, Illinois.
Following the liquidation filing, a moratorium was placed on any further claim payments by the insurer, which includes the return of the companys unearned premiums. The moratorium was effective March 1.
Those claim chec…
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