Gulfstream Property and Casualty Insurance Company Liquidation Information

Gulfstream Property and Casualty Insurance Company was declared insolvent and ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. That order has triggered the state guaranty funds in the states that Gulfstream was licensed in, which are Florida (state of domicile), Alabama, Louisiana, Mississippi, South Carolina and Texas. The Florida Department of Financial Services is the court-appointed Receiver for the Gulfstream insolvency. Information regarding the insolvency can be found on the Receiver’s website. 

​Gulfstream Property and Casualty Insurance Company and its wholly-owned subsidiary, Gulfstream Select Insurance Company, were merged into one entity prior to the insolvency with Gulfstream Property and Casualty Insurance Company (Gulfstream) being the surviving entity. The company was located in Sarasota, Florida, and was first licensed in the state of Florida in 2004. The company was authorized to write homeowners multiple peril, mobile home multiple peril, inland marine, allied lines, fire, mobile home physical damage and other liability coverage in Alabama, Florida, Louisiana, Mississippi, South Carolina and Texas. The company had approximately 45,000 in-force policies at the time of liquidation.