Regulatory Alerts2026-05-20
Added · Updated
CARE RRG Liquidator's First Status Report
The Vermont Department of Financial Regulation’s appointed Liquidator reports on the formal liquidation of CARE Risk Retention Group, Inc., following a court order terminating rehabilitation efforts and mandating asset control and creditor notification. The filing details the court’s approval of a 25% interim distribution to Priority Class 3 claimants, the establishment of a December 31, 2026 claim filing deadline, and the implementation of approved liquidation, unearned premium return, and extended reporting period plans. As of March 31, 2026, the estate has processed 118 proofs of claim representing 629 individual claims across 90 incidents, retained essential administrative vendors, and noted that the unearned premium plan proceeded with minimal objections while the extended reporting period offer received zero elections.