Lancet Physicians Association LLC
Lancet Indemnity Risk Retention Group Inc., based in Tampa, Florida, was placed into receivership by the Eighth Judicial District Court of Nevada in April 2019 due to financial difficulties. The company is currently undergoing liquidation, with proceedings governed by applicable Nevada law, and all claims against Lancet must have been submitted by the April 1, 2021 deadline.
The Permanent Receivership Order mandated the cancellation of all in-force malpractice insurance as of April 30, 2019, with limited provisions for tail policyholders. The court has appointed Barbara D. Richardson as the Receiver, with Cantilo Bennett L.L.P. serving as the Special Deputy Receiver to manage the winding down of Lancet's affairs.
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