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On March 15, 2013, , in a case styled State of Nevada ex rel. Commissioner of Insurance, in his Official Capacity as Statutory Receiver for Delinquent Domestic Insurer vs. Nevada Contractors Insurance Company Inc. and Builders Insurance Company Inc., Case No. A-13-678046, Dept. No. XI, the Eighth Judicial District Court of Nevada (“Court”) issued its Order Granting Temporary Injunctive Relief pursuant to NRS 696B.270(1) appointing the Commissioner of Insurance for the state of Nevada (“Commissioner”) as Temporary Receiver for the Companies. |
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On April 18, 2013, the Court entered its Order Appointing Commissioner as Permanent Receiver for the Companies and granting other permanent relief (the “Permanent Order”). The firm of Cantilo & Bennett, L.L.P. has been appointed Special Deputy Receiver of the Companies. As provided by the Permanent Order, the Receiver and Special Deputy Receiver are authorized to conduct the business of the Companies and to administer their affairs for the protection of all secured creditors, policyholders, and creditors. | |
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On April 30, 2019, the Court entered its order (i.e., the “Court’s April 30, 2019 Order”) declaring the Companies to be insolvent, placing the Companies into liquidation, and establishing a final claims filing deadline. Under the Court’s April 30, 2019 Order, the Receiver and SDR were authorized to conduct the business of the Companies and to administer their affairs for the protection of all secured creditors, insureds, policyholders, and general creditors. Such authorization includes the authority to handle and adjudicate claims asserted against the Companies, except that claims under workers’ compensation insurance policies of BIC are being handled by the Nevada Insurance Guaranty Association. Furthermore, the Permanent Order, and the Court’s April 30, 2019 Order placing the Companies into “Liquidation,” prohibit the Receiver, the SDR, and their representatives from paying any secured claims, insurance policy claims, or creditor claims until further order of the Court. | |
| To request Loss Run reports, please e-mail your request to the following address lossrunreports@buildersinsuranceco.com. | |
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Contact Information |
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Builders Insurance Company, In Receivership 11401 Century Oaks Terrace, Suite 300 Austin, Texas 78758
P.O. Box 184
Austin Texas 78767 Telephone: (512) 478-6000 Fax: (512) 404-6550 |