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IllinoisinsuranceregulatorsannouncedthatLumbermensMutualCasualtyCo.LumbermensandAmericanManufacturersMutualInsuranceCo.AmericanManufacturershaveagreedtobeingplacedintorehabilitation.TheIllinoisDepartmentofInsurancesaidunderanAgreedOrderofRehabilitationpaymentofpolicyholderclaimswillcontinueunderthedirectionofthedepartmentx19sdirector.OnJune262012theboardofdirectorsofbothLumbermenstheleadcompanyoftheLumbermensMutualGroupLMGandAmericanManufacturersconsentedtostartrehabilitationproceedingsandtheentryofanOrderofRehabilitation.DOIDirectorAndrewBoronaskedfortheentryofanAgreedOrderofRehabilitationinhisVeriedComplaintledbyIllinoisAttorneyGeneralLisaMadigan.TherehabilitationbecameeffectiveJuly22012.ThedirectorintendstousetherehabilitationperiodtoworkwiththeNationalConferenceofInsuranceGuarantyFundsx19NCIGFx19sLumbermensWorkingGrouptopreparefortheorderlytransitionofclaim-handlingresponsibilitiestotheStateGuarantyFundsandAssociationsonceanOrderofLiquidationisentered.AfterthisprocesshasbeencompletedthedirectorintendstoleaVeriedComplaintforLiquidation.Lumbermensisamutualpropertyandcasualtyinsurerthatwasorganizedin1912andheldlicensesin49statesandtheDistrictofColumbia.AmericanManufacturersisamutualpropertyandcasualtyinsurerthatwasorganizedin1837andheldlicensesin49statesandtheDistrictofColumbia.AmericanManufacturersisamemberofLMG.LumbermensandAmericanManufacturerscommencedavoluntaryrun-offin2003andhavebeenoperatingunderarun-offplanledwithandapprovedbyDOIin2004.AcopyoftheOrderofRehabilitationisavailableatwww.osdchi.comorbycalling312-836-9500.TheOfceoftheSpecialDeputyReceiverOSDlocatedat222MerchandiseMartPlazaSuite1450ChicagoIL60654isassistingDOIDirectorBoronwiththerehabilitationofLumbermensandAmericanManufacturers.page18APublicationofIndependentInsuranceAgentsofWVindependentinsurxdnceagentsx15fWestVx13rgx13nx13xdinc.179SummersStreetSuite321CharlestonWV25301MailingaddressP.o.Bx15x1226CharlestonWV25324Phone304342-2440TF800274-4298Fax304344-4492IndependentInsuranceAgentsofWestVirginiaInc.ILLINOISPLACES2MUTUALINSURERSINTOREHABILITATION5minutesox7yourdaytoupdateyourproflecouldleadtosignifcantrevenuesgoingx7orward.UpdateYourAssociationProfleCLICKHERE