9/28/12 - REFERRAL TO DOJ.
EPA HAS CLAIMS UNDER CERCLA AGAINST MANY OF CENTAUR INSURANCE COMPANY'S POLICYHOLDERS FOR WHICH CENTAUR DIRECTLY ISSUED INSURANCE AND SEEKS TO RECOVER THESE INSURANCE ASSETS. CURRENTLY, EPA IS REFERRINBG THIS CLAIM FOR INSURANCE ASSETS OF LCP CHEMICALS, A LIABLE PARTY PURSUANT TO CERCLA 107, BUT ANTICIPATES ADDITIONAL CLAIMS AT OTHER SITES.
7/12/17 - THE CIRCUIT COURT OF COOK COUNTY, IL, AUTHORIZED THE DIRECTOR OF INSURANCE OF THE STATE OF ILLINOIS, IN HER CAPACITY AS REHABILITATOR OF CENTAUR INSURANCE COMPANY TO DISTRIBUTE $8,750,000 FROM THE CENTAUR ESTATE ASSETS TO THE U.S. EPA. THE ASSETS ARE TO BE APPLIED EVENLY TO OUTSTANDING RESPONSE COSTS AT (1) THE LCP CHEMICALS SITE IN BRUNSWICK, GA; (2) THE HANLIN-ALLIED-OLIN SUPERFUND SITE IN MOUNDSVILLE, WV; AND (3) THE LCP CHEMICALS, INC., SITE IN LINDEN, NJ. EPA FILED CLAIMS AGAINST THE CENTAUR ESTATE ASSETS BECAUSE OF AN EXCESS UMBRELLA LIABILITY INSURANCE POLICY THAT CENTAUR HAD ISSUED TO LCP CHEMICALS & PLASTICS, INC., WHICH WAS A LIABLE PARTY AT ALL THREE SITES.