Builders Insurance Co., based in Las Vegas, NV, was placed into receivership by the Eighth Judicial District Court of Nevada in 2013. The court appointed the Commissioner of Insurance as the Temporary and later Permanent Receiver for the company, granting them the authority to administer the affairs of the company for the protection of secured creditors, policyholders, and creditors.
On April 30, 2019, the court declared Builders Insurance Co. insolvent and placed the company into liquidation, establishing a final claims filing deadline. The Receiver and Special Deputy Receiver were authorized to handle and adjudicate claims, except for workers compensation insurance policies, which are being handled by the Nevada Insurance Guaranty Association. The court orders prohibit the payment of any secured claims, insurance policy claims, or creditor claims until further order of the court.
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