About Us
On January 21, 2011, the Circuit Court of Cook County Illinois entered an Agreed Order of Liquidation with a finding of Insolvency against Constitutional Casualty Company. The Order triggered the protection of the Illinois Insurance Guaranty Fund in accordance with the provisions of the Illinois Insurance Guaranty Fund Act. Policies that do not otherwise expire on an earlier date, and that are covered by the Illinois Insurance Guaranty Fund, shall be cancelled effective 11:59 p.m., CST, on February 20, 2011. You may click on Insurance Termination Notice to see the notification. Any policy that is not covered by the Guaranty Fund was cancelled upon the entry of the Order. Claims for amounts not covered by the Guaranty Fund will be reviewed by the Office of the Special Deputy Receiver.
For further information please contact our office as listed below:
Office of the Special Deputy Receiver
222 Merchandise Mart Plaza, Suite 1450
Chicago, IL 60654-1309
(P) 312.836.9500
(F) 312.836.1944
Email: mailto:webmail@osdchi.com
Website: www.osdchi.com
Constitutional Casualty Company was incorporated on April 11, 1956 under Illinois laws and began business August 15, 1956. Copco, Inc., Chicago, Illinois, a holding company purchased financial control on October 31, 1972, from Institutional Corporation of America. Operations were conducted under the name Institutional Insurance Company of America from the time of organization until November 1, 1972, when the present corporate title was adopted.
Operations emphasize the handling of preferred private passenger automobile coverage, homeowners, personal umbrella, liquor liability, general liability and commercial automobile coverage.
Approximately 200 independent agents serve as company representatives.
Reinsurance Agreement
Our reinsurance is carried by Maiden RE.
Maiden Re was formed in 2008 through the acquisition of GMAC RE by Maiden Holdings, Ltd. This acquisition created a dynamic new force in the domestic reinsurance market with an operating history dating back to 1983; the year GMAC RE’s predecessor was formed.
Maiden Re is focused on building long-term relationships and providing clients with a consistent and stable approach to their business. Maiden Re is a service orientated reinsurer and has been rated highest amongst it peers for technical underwriting expertise and exemplary claims handling.
Maiden Re developed and offers its clients the innovative Dedicated Financial Trust, an individually-segregated trust account. Unlike other trusts, with The Dedicated Financial Trust, there is no comingling of cedant funds. This trust provides superior security during these extraordinarily uncertain times in the financial markets and affords our customers financial peace of mind.
Maiden Re has offices and representative located throughout the United States, with the primary office in Mt. Laurel, NJ.
