SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 10-Q

           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2002
                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                   For the transition period from ____ to ____

                          Commission File Number 1-7411

                            ALLCITY INSURANCE COMPANY
             (Exact name of registrant as specified in its charter)


                    New York                                   13-2530665
          -------------------------------                  -------------------
          (State or other jurisdiction of                   (I.R.S. Employer
           incorporation or organization)                  Identification No.)

            45 Main Street, Brooklyn, N.Y                      11201-3731
          -----------------------------------------            ----------
          (Address of principal executive offices)             (Zip Code)

          Registrant's telephone number, including area code: (718)422-4000


          Indicate  by check  mark  whether  the  Registrant  (1) has  filed all
          reports  required to be filed by Section 13 or 15(d) of the Securities
          Exchange  Act of 1934  during  the  preceding  12 months  (or for such
          shorter period that the Registrant was required to file such reports),
          and (2) has been subject to such filing  requirements  for the past 90
          days. Yes [X] No[ ]

          On  May  10,  2002  there  were  7,078,625   shares  of  Common  Stock
          outstanding.


<PAGE>

                            ALLCITY INSURANCE COMPANY

                                      INDEX




PART I   FINANCIAL INFORMATION                                              PAGE
------   ---------------------                                              ----

ITEM 1.  Interim Consolidated Financial Statements (Unaudited)

Consolidated Balance Sheets - March 31, 2002 and December 31, 2001            1

Consolidated Statements of Operations - Three months ended
March 31, 2002 and 2001..................................................     2

Consolidated Statements of Cash Flows - Three months
ended March 31, 2002 and 2001 ...........................................     3

Consolidated Statements of Changes in Shareholders' Equity  -
Three months ended March 31, 2002 and 2001...............................     4

Notes to Interim Consolidated Financial Statements ......................     5

ITEM 2.  Management's Discussion and Analysis of Financial
         Condition and Interim Results of Operations.....................     6

PART II  OTHER INFORMATION
-------  -----------------

ITEM 5.  Other Information...............................................    10

ITEM 6.  Exhibits and Reports on Form 8-K................................    10

Signature Page...........................................................    11


                                     - i -
<PAGE>

                         PART 1 - FINANCIAL INFORMATION

<TABLE>
<CAPTION>
ITEM 1. FINANCIAL STATEMENTS

ALLCITY INSURANCE COMPANY AND SUBSIDIARY
CONSOLIDATED  BALANCE SHEETS
March 31, 2002 and December 31, 2001
(In thousands, except share and per share amounts)

                                                                                  March 31,   December 31,
                                                                                       2002         2001
                                                                                     --------    --------
                                                                                   (Unaudited)
<S>                                                                                 <C>         <C>
    ASSETS
      Investments:
        Fixed maturities
         Available for sale (amortized cost of
          $33,846 in 2002 and $23,872 in 2001)                                      $ 33,828    $ 24,175
         Held to maturity (fair value
          of $483 in 2002 and $489 in 2001)                                              478         480
        Equity securities available for sale                                             429         429
        Short-term                                                                    78,027      98,467
        Other invested assets                                                          6,112       6,088
                                                                                     --------    --------
                                       TOTAL INVESTMENTS                             118,874     129,639

       Cash                                                                               45          36
       Agents' balances, less allowance for
         doubtful accounts ($837 in 2002 and
         $837 in 2001)                                                                 2,677       2,873
       Accrued investment income                                                         796         464
       Reinsurance balances receivable                                               149,939     160,713
       Prepaid reinsurance premiums                                                    1,596       3,785
       Other assets                                                                    3,827       4,730
                                                                                     --------    --------
                                        TOTAL ASSETS                                $277,754    $302,240
                                                                                     ========    ========
     LIABILITIES
       Unpaid losses                                                                $196,383    $211,254
       Unpaid loss adjustment expenses                                                30,830      32,037
       Unearned premiums                                                               3,511       7,215
       Due to affiliates                                                               8,389       9,713
       Reinsurance balances payable                                                    1,296         949
       Other liabilities                                                               5,836       8,054
       Surplus note                                                                    7,197       7,114
                                                                                     --------    --------
                                        TOTAL LIABILITIES                            253,442     276,336
                                                                                     --------    --------
     SHAREHOLDERS' EQUITY
       Common stock, $1 par value: 7,368,420
         shares authorized; 7,078,625 shares issued
         and outstanding in 2002 and 2001                                              7,079       7,079
       Additional paid-in capital                                                      9,331       9,331
       Accumulated other comprehensive income                                            411         732
       Retained earnings                                                               7,491       8,762
                                                                                     --------    --------
                         TOTAL SHAREHOLDERS' EQUITY                                   24,312      25,904
                                                                                     --------    --------
         TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                 $277,754    $302,240
                                                                                     ========    ========
</TABLE>


See Notes to Interim Consolidated Financial Statements.


                                      - 1 -
<PAGE>

ALLCITY  INSURANCE COMPANY AND  SUBSIDIARY
CONSOLIDATED  STATEMENTS OF OPERATIONS (UNAUDITED)
For the three  months  ended March 31, 2002 and 2001
(In  thousands, except share and per share amounts)

                                                    THREE MONTHS ENDED
                                                          MARCH 31,
                                                     ------------------
                                                       2002       2001
                                                     -------   --------
    REVENUES
       Premiums earned                              $ 1,907    $ 6,565
       Net investment income                            907      2,691
       Net securities gains                              47      1,012
       Other income                                      14         46
                                                     -------   --------
                                                      2,875     10,314
                                                     -------   --------

  LOSSES AND EXPENSES
     Losses                                           1,486     14,177
     Loss adjustment expenses                         1,161      4,607
     Other underwriting expenses, less
       deferrals of $0 in 2002
         and $1,111 in 2001                           1,416      1,855
     Amortization of deferred policy
       acquisition costs                                -        3,786
     Interest on surplus note                            83        166
                                                     -------   --------
                                                      4,146     24,591
                                                     -------   --------

  LOSS BEFORE FEDERAL INCOME TAXES                   (1,271)   (14,277)
                                                     -------   --------

  FEDERAL INCOME TAXES
       Current expense/(benefit)                          -         -
       Deferred expense/(benefit)                         -         -
                                                     -------   --------
                                                          -         -
                                                     -------   --------
             NET LOSS                               $(1,271)  $(14,277)
                                                     =======   ========
  Per share data, based on 7,078,625
   average shares outstanding in 2002
   and 2001
  BASIC AND DILUTED LOSS PER SHARE                  $ (0.18)  $  (2.02)
                                                     =======   ========


See Notes to Interim Consolidated Financial Statements.



                                      - 2 -
<PAGE>


ALLCITY INSURANCE COMPANY AND SUBSIDIARY
CONSOLIDATED  STATEMENTS  OF CASH FLOWS  (UNAUDITED)
For  the three  months ended March 31, 2002 and 2001
(In thousands)
                                                             THREE MONTHS ENDED
                                                                  MARCH 31,
                                                            -------------------
                                                             2002         2001
                                                           -------       -------
NET CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                                 $(1,271)     $(14,277)
  Adjustments to reconcile net loss
    to net cash used for operating
    activities:
          Amortization of deferred policy
            Acquisition costs                                   -         3,786
           Provision for doubtful accounts                      -          (281)
           Net securities gains                               (47)       (1,012)
       Policy acquisition costs incurred
         and deferred                                           -        (1,111)
       Net change in:
         Agents' balances                                     196         2,267
         Reinsurance balances receivable                   10,774           985
         Prepaid reinsurance premiums                       2,189         1,683
         Unpaid losses and loss adjustment
           expenses                                       (16,078)        3,280
         Unearned premiums                                 (3,704)       (3,976)
         Due to(from)affiliates                            (1,324)       (4,962)
         Reinsurance balances payable                         347           858
         Due from brokers                                       -        (5,771)
            Other, net                                     (1,434)          193
                                                           -------       -------
 NET CASH USED FOR OPERATING ACTIVITIES                   (10,352)      (18,338)
                                                           -------       -------

 NET CASH FLOWS FROM INVESTING ACTIVITIES
      Acquisition of fixed maturities                     (13,717)      (18,019)
      Net change in other invested assets                     (24)         (964)
      Proceeds from sale of fixed maturities                3,135        69,617
      Proceeds from maturities of fixed
        maturities                                            527        19,854
      Net change in short-term investments                 20,440       (52,150)
                                                           -------       -------
 NET CASH PROVIDED BY INVESTING ACTIVITIES                 10,361        18,338
                                                           -------       -------

         NET INCREASE IN CASH                                   9            -
        Cash, at beginning of period                           36            77
                                                           -------       -------
        Cash at the end of period                          $   45        $   77
                                                           =======       =======


See Notes to Interim Consolidated Financial Statements.


                                      - 3 -
<PAGE>

<TABLE>
<CAPTION>
ALLCITY INSURANCE COMPANY AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED)
For the three months ended March 31, 2002 and 2001
(In thousands, except par value)


                                                              ACCUMULATED
                                    COMMON                       OTHER
                                     STOCK     ADDITIONAL   COMPREHENSIVE
                                    $1 PAR      PAID-IN       INCOME/       RETAINED
                                     VALUE      CAPITAL        (LOSS)       EARNINGS   TOTAL
                                     ------      ------         -------     --------   -------
<S>                                 <C>         <C>            <C>          <C>       <C>
Balance, January 1, 2001            $7,079      $9,331         $   571      $26,810   $43,791
Comprehensive loss:
  Net loss                                                                  (14,277)   14,277)
  Other comprehensive income(loss):
      Unrealized holding gains
       arising during the period
       (net of deferred tax
       of $0)                                                    1,443                  1,443
      Less: reclassification of
       net securities gains
       included in net loss
      (net of deferred tax of $0)                                 (941)                  (941)
                                                                                       -------
  Comprehensive loss                                                                  (13,775)
                                     ------      ------         -------     --------   -------
Balance, March 31, 2001             $7,079      $9,331         $ 1,073     $ 12,533   $30,016
                                     ======      ======         =======     ========   =======

Balance, January 1, 2002            $7,079      $9,331         $   732      $ 8,762   $25,904
Comprehensive loss:
  Net loss                                                                   (1,271)   (1,271)
  Other comprehensive loss:
      Unrealized holding loss
       arising during the period
       (net of deferred tax
           of $0)                                                 (286)                  (286)
Less: reclassification of
       net securities gains
       included in net loss
       (net of deferred tax of $0)                                 (35)                   (35)
                                                                                       -------
  Comprehensive loss                                                                   (1,592)
                                     ------      ------         -------     --------   -------
Balance, March 31, 2002             $7,079      $9,331        $    411       $ 7,491  $24,312
                                     ======      ======         =======     ========   =======

</TABLE>

See Notes to Interim Consolidated Financial Statements.



                                      - 4 -
<PAGE>

                    ALLCITY INSURANCE COMPANY AND SUBSIDIARY
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

1.       The unaudited interim consolidated financial statements,  which reflect
         all  adjustments  (consisting  only of  normal  recurring  items)  that
         management  believes  necessary to fairly  present  interim  results of
         operations,   should  be  read  in   conjunction   with  the  Notes  to
         Consolidated Financial Statements (including the Summary of Significant
         Accounting  Policies)  included in the Company's  audited  consolidated
         financial  statements  for the year ended  December  31, 2001 which are
         included in the  Company's  Annual  Report  filed on Form 10-K for such
         year (the "2001 10-K").  Results of operations for interim  periods are
         not  necessarily  indicative  of  annual  results  of  operations.  The
         consolidated  balance sheet at December 31, 2001 was extracted from the
         audited   annual   financial   statements  and  does  not  include  all
         disclosures  required by generally accepted  accounting  principles for
         annual financial statements.

2.       During the past  several  years,  the Company  and its parent  company,
         Empire Insurance Company ("Empire"),  (collectively referred to as "the
         Group"),  experienced  poor  underwriting  results and adverse  reserve
         development  in all of its lines of business.  During  2001,  the Group
         explored its options for  developing a new business model and strategy.
         After  evaluating  these options,  the Group announced in December 2001
         that  it  had  determined  that  it was in  the  best  interest  of its
         shareholders and  policyholders  to commence an orderly  liquidation of
         all of its  operations.  The Group will only accept business that it is
         obligated to accept by contract or New York  insurance law; it will not
         engage in any other  business  activities  except for its claims runoff
         operations.  The voluntary liquidation of its operations is expected to
         be  substantially  complete by 2005.  Empire's  stand-alone  surplus at
         March 31, 2002 exceeded the minimum  statutory  surplus  requirement of
         $3,300,000 by $2,958,000.  In the event Empire's stand-alone  statutory
         surplus  declines below the minimum in the future,  no assurance can be
         given that material adverse regulatory action will not be taken against
         Empire or the Company.


                                     - 5 -
<PAGE>

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
------
OF INTERIM OPERATIONS


      The  following  should  be  read  in  conjunction  with  the  Management's
Discussion  and  Analysis  of  Financial  Condition  and  Results of  Operations
included in the 2001 10-K.

LIQUIDITY AND CAPITAL RESOURCES

      During the past several  years,  the Company and Empire  experienced  poor
underwriting  results and  adverse  reserve  development  in all of its lines of
business.  During  2001,  the Group  explored  its options for  developing a new
business model and strategy. After evaluating these options, the Group announced
in December 2001 that it had determined  that it was in the best interest of its
shareholders and policyholders to commence an orderly  liquidation of all of its
operations.  The Group will only accept  business that it is obligated to accept
by contract or New York  insurance law; it will not engage in any other business
activities except for its claims runoff operations. The voluntary liquidation of
its  operations  is expected  to be  substantially  complete by 2005.  Given the
Group's and the Company's current financial condition,  the expected costs to be
incurred  during the claims runoff  period,  and the inherent  uncertainty  over
ultimate claim settlement  values,  no assurance can be given that the Company's
shareholders  will  be  able to  receive  any  value  at the  conclusion  of the
voluntary liquidation of its operations.

      For the three month  periods  ended March 31, 2002 and 2001,  net cash was
used for operations  principally  as a result of a decrease in premiums  written
and the payment of claims and operating expenses. As a result of its decision to
conduct an orderly liquidation of all of its operations,  the Company expects to
report a net use of cash from operations resulting primarily from the payment of
claims and other  expenses in excess of revenues  generated for the  foreseeable
future.  During 2001,  the Company  replaced a significant  portion of its fixed
maturities  investment  portfolio  with  shorter-term  investments  in  order to
shorten its duration to match its cash needs.

      At March 31, 2002 and 2001,  the yield of the Company's  fixed  maturities
portfolio was 2.7% and 5.3%, respectively, with an average maturity of 0.6 years
and  1.0  year,  respectively.  Additionally,  the  Company  has  a  diversified
investment  portfolio of securities,  94.0% of which is rated "investment grade"
by established bond rating agencies or issued or guaranteed by the U.S. Treasury
or by governmental agencies.

      During the three  months  ended March 31, 2002 and 2001,  the Company sold
certain  securities  to meet  short-term  cash flow needs and realized a capital
gain of  $1,012,000  in the 2001 period;  such amount was not material for 2002.
The Company will  continue to use the cash flow  generated  from its  investment
portfolio,  including investment income and proceeds generated from the maturity
and sale of investments,  and from collection of its reinsurance  receivables to
settle its loss and loss adjustment expense ("LAE") reserves. At March 31, 2002,
these assets  totaled  $269,654,000  as compared to the  Company's  loss and LAE
reserves of  $227,213,000.  The Company expects to settle  approximately  80% of
these  liabilities  by the  end of  2004.  Additionally,  the  Company  has  not
experienced any material  default in the payment of reinsurance  claims due from
its reinsurance providers.

                                     - 6 -
<PAGE>


INTERIM RESULTS OF OPERATIONS-THREE  MONTHS ENDED MARCH 31, 2002 COMPARED TO THE
THREE MONTHS ENDED MARCH 31, 2001.

      Net earned premium  revenues of the Company were $1,907,000 and $6,565,000
for the three month  periods  ended March 31, 2002 and 2001,  respectively.  The
Company's  earned  premiums  declined in all lines of business  during the three
month period ended March 31, 2002 as a result of actions  announced  during late
2000 and the first quarter of 2001. During the fourth quarter of 2000, the Group
announced  that it would no longer accept any new private  passenger  automobile
policies.  Existing policies of private passenger  automobile  insurance will be
either sold, non-renewed or cancelled in accordance with New York insurance law.
If the private passenger automobile book of business is not sold, it is expected
that the Group will  continue to issue  renewal  policies  over the next several
years as  required  by  applicable  insurance  law.  In March  2001,  the  Group
announced  that it  would no  longer  issue  any new (as  compared  to  renewal)
insurance policies in all other lines of business and that it had filed plans of
orderly  withdrawal  with  the  New  York  Insurance   Department  as  required.
Commercial lines policies will be non-renewed or canceled in accordance with New
York insurance law or replaced by Tower  Insurance  Company of New York or Tower
Risk Management  (collectively  "Tower") under the agreement for the sale of the
Group's renewal rights.  Excluding the remaining terms of existing policies that
the Group intends to either non-renew, cancel or that will be replaced by Tower,
as of March 31, 2002, the Group's in force premium volume totaled $9,900,000. As
indicated  above,  these  policies are primarily  personal  lines policies whose
volume will continue to decline as the Group  exercises its  non-renewal  rights
under New York insurance law.

      Pre-tax  losses for the Company were  $1,271,000 and  $14,277,000  for the
three month  periods  ended March 31, 2002 and 2001,  respectively.  The pre-tax
losses  include  increases for loss and LAE for prior accident years of $450,000
and  $11,700,000  for the three  month  periods  ended  March 31, 2002 and 2001,
respectively.  In addition,  during the three month period ended March 31, 2001,
the Company wrote-off  approximately  $2,200,000 of deferred policy  acquisition
costs as their recoverability from premiums and related investment income was no
longer anticipated.

      During  the  three  month  period  ended  March  31,  2002,   the  Company
recalculated  its estimate of LAE for prior  accident  years and  increased  its
reserve by $450,000  primarily  as a result of a higher than  expected  level of
payment activity during the quarter,  principally  related to outside  attorneys
handling third party liability claims and the payment of internal overhead costs
allocated to claims handling.

                                     - 7 -
<PAGE>

      During the three month period ended March 31, 2001, the Company  increased
its reserve  estimates for its  commercial  package  policies lines of business,
primarily  due to increases in severity of liability  claims for accident  years
1998 and prior.  The Company has  exposure for third party  liability  claims in
many of its lines of insurance.  During 2001, there were several settlements and
court  decisions  on third party  liability  cases for amounts that were greater
than the industry's or the Company's  historical  experience for similar claims,
which had formed the basis for the Company's estimated loss reserves. While many
of these decisions are being appealed,  these results may signal a change in the
judicial  environment  in the Company's  marketplace.  Accordingly,  the Company
increased  its loss  reserve  estimate  by  approximately  $5,400,000  due to an
estimated  increase in severity for these exposures.  Reserve  increases in 2001
also resulted from  unfavorable  development  principally in automobile lines of
business  for the 1998  through  2000  accident  years,  primarily  relating  to
personal injury  protection  coverage  ("PIP") and in its workers'  compensation
lines of insurance.  The Company  believes that the increased loss estimates for
PIP are  consistent  with recent  trends in the  industry,  and  increased  loss
reserves for all automobile lines by $2,700,000.  In addition,  the Company also
increased  its  reserves for LAE by  $2,100,000  as a result of increases to its
loss reserves and an increase in future  overhead  costs which will be allocated
to settle claims currently incurred.

      During the period between 1984 and 1995, the Company  entered into certain
retrospectively rated reinsurance contracts covering  substantially all lines of
business, except workers' compensation.  Under these contracts, the Company paid
the  reinsurer  provisional  premiums  that are subject to  adjustment  based on
subsequent loss development. Ceded premiums accrued under these contracts reduce
both net  written  and earned  premiums  during  the  period  the  retrospective
reinsurance  premiums are accrued.  If additional  unfavorable  loss development
emerges in future  periods,  the Company  may be  required to accrue  additional
retrospective  reinsurance  premiums. As a consequence of its reserve increases,
the Company  reduced  premiums and pre-tax  profits by $228,000 and $450,000 for
the three  month  periods  ended  March  31,  2002 and  2001,  respectively,  to
recognize   reinsurance   premiums   due  for  1995  and   prior   years   under
retrospectively rated reinsurance contracts.

      In  management's  judgment,   information  currently  available  has  been
appropriately considered in estimating the Company's loss reserves. However, the
reserving  process  relies on the basic  assumption  that past  experience is an
appropriate  basis for predicting  future  events.  The Company will continue to
evaluate the adequacy of its loss reserves on a quarterly  basis,  incorporating
any future changes in trends and actual loss experience,  and record adjustments
to its loss reserves as appropriate.

      Net investment  income for the three month period ended March 31, 2002 was
lower than the comparable 2001 period due to a reduction in investments  held as
a result of a  decrease  in  premiums  written  and the  payment  of claims  and
operating  expenses,  as well as a reduction in investment yields resulting from
lower interest  rates and the Company's  decision to shorten the duration of its
investment portfolio.


      The  Company  had no current  federal tax expense or benefit for the three
month periods  ended March 31, 2002 and 2001. In addition,  due to the Company's
uncertainty as to having future taxable income  necessary for realization of the
deferred tax assets,  a valuation  allowance  has been  provided for all periods
shown for the total amount of the deferred tax asset.


                                     - 8 -
<PAGE>

CAUTIONARY STATEMENT FOR FORWARD-LOOKING INFORMATION

Statements  included in this  Management's  Discussion and Analysis of Financial
Condition  and  Results  of  Interim  Operations  may  contain   forward-looking
statements made pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such  forward-looking  statements may relate, but
are  not  limited,   to  projections  of  revenues,   income  or  loss,  capital
expenditures,  fluctuations in insurance  reserves,  plans for growth and future
operations,  competition  and regulation as well as assumptions  relating to the
foregoing.  Forward-looking  statements  are  inherently  subject  to risks  and
uncertainties,  many of which cannot be predicted  or  quantified.  When used in
this Management's  Discussion and Analysis of Financial Condition and Results of
Interim Operations, the words "estimates", "expects", "anticipates", "believes",
"plans",  "intends"  and  variations of such words and similar  expressions  are
intended  to  identify   forward-looking   statements  that  involve  risks  and
uncertainties.  Future events and actual  results could differ  materially  from
those  set  forth  in,   contemplated  by  or  underlying  the   forward-looking
statements.  The factors  that could cause actual  results to differ  materially
from those  suggested by any such  statements  include,  but are not limited to,
those discussed or identified from time to time in the Company's public filings,
including  general  economic and market  conditions,  changes in domestic  laws,
regulations and taxes, changes in competition and pricing environments, regional
or general  changes in asset  valuation,  the occurrence of significant  natural
disasters, the inability to reinsure certain risks economically, the adequacy of
loss  and  LAE  reserves,  prevailing  interest  rate  levels,  weather  related
conditions that may affect the Company's operations,  effectiveness of the Tower
agreement,  the ability to attract and retain key personnel,  adverse  selection
through  renewals of the Group's  policies,  regulatory  approval of the Group's
proposed  actions  in  response  to  the  findings  of the  Department,  adverse
regulatory action against the Group, developments in claims handling,  including
adverse  litigation  developments,  that could adversely  affect the liquidation
plan of the Group,  the Group's  ability to manage the claims runoff,  increased
loss adjustment  expenses  resulting from an extended claims run-off period, and
changes  in  composition  of  the  Company's  assets  and  liabilities   through
acquisitions  or  divestitures.  Undue  reliance  should  not be placed on these
forward-looking statements, which are applicable only as of the date hereof. The
Company  undertakes  no  obligation  to revise or update  these  forward-looking
statements to reflect events or circumstances  that arise after the date of this
Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Interim Operations or to reflect the occurrence of unanticipated events.

                                     - 9 -
<PAGE>
                          PART II - OTHER INFORMATION
                          -------   -----------------


ITEM 5.   OTHER INFORMATION
------    -----------------
          None.


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
------
          a)       Exhibits

          None.


          b)       Report on Form 8-K


                   The  Company  filed  a  current  report  on  Form  8-K  dated
                   February 20, 2002, which  sets forth  information  under Item
                   5.  Other  Events  and  Item  7.  Financial  Statements   and
                   Exhibits.


                                     - 10 -
<PAGE>

                                    SIGNATURE
                                    ---------



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                                     ALLCITY INSURANCE COMPANY
                                                            Registrant




Date: May 13, 2002                                   By: /s/ Rocco J. Nittoli
                                                         --------------------
                                                         Rocco J. Nittoli
                                                         Chief Operating Officer



                                     - 11 -
<PAGE>