Oceanus Insurance Company, a RRG, based in West Hartford, CT, was placed into liquidation proceedings on September 21, 2017, as ordered by the Court of Common Pleas in Richland County, South Carolina. The South Carolina Department of Insurance appointed Raymond G. Farmer as the Liquidator, and Michael J. FitzGibbons of FitzGibbons and Company, Inc. as the Special Deputy Liquidator.
Due to the liquidation order, all policies issued by Oceanus Insurance Company continue in force for a limited period, either until the expiration of the policy coverage, the insured replaces the coverage with another insurer, or the Liquidator transfers the policy obligation. The company will no longer defend or pay for the defense of its insureds, requiring them to seek independent counsel for legal actions covered under an Oceanus policy.
Generated from the website