Neb. Places Protective National Into Liquidation
On Feb. 12, 2004, the Lancaster, Neb., County District Court entered an order for the liquidation of The Protective National Insurance Company of Omaha, a Nebraska-domiciled insurer based in Omaha.
The liquidation order is based on a finding by Insurance Director L. Tim Wagner that further attempts to rehabilitate Protective National would substantially increase the risk of loss to insureds, creditors, or the public, and would be futile and further that Protective National is insolvent.
Protective National, headquartered at 11128 John Galt Boulevard in Omaha, has been the subject of rehabilitation proceedings since 1991.Ted Kessner has been appointed special deputy liquidator.
Further information will be posted to the Nebraska DOI’s Web site as it becomes available. Written inquiries may be directed to Kessner at 941 “O” Street, Suite 804, Lincoln, Neb., 68508.
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