James L Fewer Agency, 81 Berlin St, Montpelier, VT 05602, US

Ambassador Insurance Company, a Vermont-based property and casualty insurance company, was placed in rehabilitation in 1983 and subsequently ordered into liquidation in 1987 due to insolvency. The liquidation process, overseen by the Commissioner of the Vermont Department of Financial Regulation, involved adjudicating claims, managing assets, and enforcing legal rights against third parties. Despite facing challenges, including a significant judgment against former accountants, the Liquidator has successfully made multiple distributions to claimants, totaling over $352 million. Following a legal appeal, the Final Claim Date was overturned, allowing for continued acceptance and review of claim amendments, ensuring a fair resolution for all interested parties involved in the liquidation proceedings.Generated from the website