Oceanus Insurance Company
Oceanus Insurance Company, a Risk Retention Group (RRG), was placed into liquidation following an Order Commencing Liquidation Proceedings issued by the Court of Common Pleas in Richland County, South Carolina, on September 21, 2017. The South Carolina Department of Insurance appointed Raymond G. Farmer as Liquidator to oversee the process, with Michael J. FitzGibbons acting as Special Deputy Liquidator.
As a result of the liquidation order, all insurance policies issued by Oceanus Insurance Company are subject to cancellation, continuing in effect only for a limited time or until alternative coverage is secured. The company has ceased to defend or provide payment for claims under its policies, prompting insured parties to seek independent legal counsel for ongoing legal matters.
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