status of insolvencies as at June 30, 2005
ADVOCATE GENERAL
CLOSED FILES: 3,799 (sub files)
PAID CLAIMS: $44,037,846
O/S FILES: 0
O/S RESERVES: 0
REMARKS:
Final dividend
received. We have made a full
recovery.
ONTARIO
GENERAL
CLOSED FILES: 35
PAID CLAIMS: $594,210
O/S FILES: 0
O/S RESERVES: 0
REMARKS:
The liquidator is considering asking the court
For direction on how to dispense the small funds remaining in the estate.
AMERICAN
MUTUAL
CLOSED FILES: 2
PAID CLAIMS: $66,475
O/S FILES: 0
O/S RESERVES: 0
REMARKS:
This liquidation is now wound up and we
received 100% recovery of all amounts paid.
CANADIAN
UNIVERSAL
CLOSED FILES: 9
PAID CLAIMS: $527,085
O/S FILES: 0
O/S RESERVES: 0
REMARKS:
All claims have been settled and we have
received a 100% dividend from the liquidator.
BEOTHIC GENERAL
CLOSED FILES: 47
PAID CLAIMS: $2,309,511
O/S FILES: 0
O/S RESERVES: 0
REMARKS:
Dividend received to date $1,949,517.90
HILAND
INSURANCE
CLOSED FILES: 624
PAID CLAIMS: $6,606,333
O/S FILES: 0
O/S RESERVES: $100,000 FOR LEGAL
AND ADJUSTMENT EXPENSES
REMARKS:
All claims are now settled. Paid claims includes $387,033 paid on claims where coverage was disputed
between hiland and lloyds. We have commenced an action against
lloyds to recover these funds.
MAPLEX
GENERAL
CLOSED FILES: 2569
PAID CLAIMS: $23,642,825
O/S FILES: 2
O/S RESERVES: $70,000
REMARKS:
We
Have Received A 55% Dividend.
GISCO
CLOSED FILES: 649
PAID CLAIMS: $3,868,449
O/S FILES: 9
O/S RESERVES: $921,000 (INCLUDES $250,000 FOR LEGAL AND ADJUSTING EXPENSES)
REMARKS:
The liquidator is applying to the court to pay a divident to PACICC.
RELIANCE
INSURANCE CANADA
At this point, no assessment has been made on members and all payments
have been made by the liquidator using monies from the estate.
CANADIAN MILLER'S MUTUAL
CLOSED FILES: 174
PAID CLAIMS: $4,387,151
O/S FILES: 18
O/S RESERVE: $1,520,084
REMARKS:
The last few will take some time to
resolve. We should not expect this estate to be
complete for several years.
MARKHAM GENERAL
CLOSED FILES:
2140
PAID CLAIMS: $10,661,870
O/S FILES: 188
O/S RESERVES: $9,614,500
REMARKS:
HOME
INSURANCE CANADA
At this
point, no assessment has been made on members and all payments have been
made by the liquidator. The court has now approved the transfer of all
policies and claims to lombard insurance company. Once the liquidator
is discharged our duties as inspector will cease and we expect no need
to assess our members.
R.G. Riddles
Vice-President, Claims
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