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Americas Insurance Company, in liquidation

Liquidation Order: 6/23/2022

James J. Donelon, Commissioner of Insurance for the State of Louisiana vs Americas Insurance Company.

Case No.C-714982 SEC: 23; 19th Judicial District Court Parish of East Baton Rouge, State of Louisiana

 

The California Insurance Guarantee Association (CIGA) is diligently working with the Liquidator's Office to obtain the open claims information it needs to handle claims relating to policies issued to Americas Insurance Company policyholders.  At this point CIGA has very limited information on open claims and all claims' records are with the insolvent insurer which is being overseen by the receiver, Billy J. Bostick.  The receiver will manage the transfer of claims to CIGA.  CIGA will then be able to respond to inquiries and begin processing claims.   We anticipate being able to process claims beginning July 31, 2022.

 

Frequently asked questions:

 

What is CIGA?

CIGA is a statutory agency that handles the claims of insolvent member companies in California. If your insurance company goes out of business and the statute applies CIGA will handle any claims.

 

CIGA is a non-profit association created by the legislature to pay certain claims in the event that an insurance company becomes insolvent. CIGA is not an insurance company, it does not issue policies, collect premiums or otherwise stand in the shoes of an insolvent insurance company. We exist solely to pay covered claims when an insurer becomes insolvent.

 

When will CIGA receive my claim?

If your claim is on the books of Americas Insurance Company as an open claim, CIGA anticipates receiving information about it by July 31, 2022. Once that information is received, CIGA will be able to respond to inquiries and process claims.

 

I have legal bills from before the insolvency that were not paid.

Legal expenses incurred prior to the liquidation date are not a covered item with CIGA. They may be handled by the liquidator of the liquidated insurance company. You may need to file a proof of claim (POC) with the liquidator/estate.

 

We have a default judgment against the insured, will you pay the judgment?

Once CIGA receives your claim from the liquidator, you will be contacted by the adjuster to discuss this issue. CIGA will take down your contact information and questions so that someone can contact you upon receipt of the file. CIGA does not pay default judgments, but this can often be cured. Your adjuster will assist you once we have your file.

 

How soon will I get a call back from an adjuster?

It may take a few days or weeks to obtain a copy of the file from the liquidator to be sent to us. Once your adjuster is assigned he or she will contact you.

 

If you have moved or changed phone numbers please provide that information to us. CIGA's only source of receiving documents is the address below. Mail received at this address will result in the item sent to be imaged and electronically routed to the assigned adjuster.

 

California Insurance Guarantee Association

PO Box 29066

Glendale, CA 91209

 

You may also fax claim documents to CIGA at (818) 291-1863. Please include the CIGA claim number and the documents faxed will be electronically routed to the claim/adjuster.  If you do not have the CIGA claim number, please include the pre-fix 152-, followed by the Americas Insurance Company claim number (Example: 152-123456A).

 

What if I have a new claim that I want to report?
If you already reported the claim you need do nothing. We will have your claim information soon.

 

To report a new claim you may contact the Americas Receiver:

 

1. Call (225) 201-0107 to report the loss

 

2. By mail: Billy Bostick, Receiver

Americas Insurance Company

9543 Fenway Ave.

Baton Rouge, LA 70809

 

Has my policy been cancelled?

According to the June 23, 2022 liquidation order, all policies of insurance issued by Americas Insurance Company in the state of California are cancelled upon the earlier of:
  (a) The 30th day after the date of entry of the order (Cancelled July 23, 2022 at 12:01 a.m.)
   (b) The date of expiration of the policy coverage
   (c) The date the insured has replaced the policy or otherwise terminated the policy


Insureds are encouraged to work with your insurance broker to replace your insurance coverage immediately.

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