FORM 10-Q
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



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

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001
                                       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.)

335 Adams 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 11, 2001 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, 2001 and December 31, 2000........     1

Consolidated Statements of Operations - Three months ended
March 31, 2001 and 2000...................................................     2

Consolidated Statements of Cash Flows - Three months
ended March 31, 2001 and 2000 ............................................     3

Consolidated Statements of Changes in Shareholders' Equity  -
Three months ended March 31, 2001 and 2000................................     4

Notes to Interim Consolidated Financial Statements .......................   5-6

ITEM 2.  Management's Discussion and Analysis of Financial
         Condition and Interim Results of Operations......................   6-8

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

ITEM 5.  Other Information ...............................................     9

ITEM 6.  Exhibits and Reports on Form 8 ..................................     9

Signature Page............................................................    10


<PAGE>
                         PART 1 - FINANCIAL INFORMATION

     ITEM 1. FINANCIAL STATEMENTS

<TABLE>
<CAPTION>
     CONSOLIDATED BALANCE SHEETS

     ALLCITY INSURANCE COMPANY AND SUBSIDIARY
     (In thousands, except share and per share amounts)

                                                                                   March 31,    December 31,
                                                                                      2001          2000
                                                                                -------------  ------------
<S>                                                                                  <C>        <C>
     ASSETS                                                                       (Unaudited)
      Investments:
       Fixed maturities
           Available for sale (amortized cost of
           $48,265 in 2001 and $118,833 in 2000)                                     $48,963    $119,029
           Held to maturity (fair value
           of $488 in 2001 and $483 in 2000)                                             478         486
         Equity securities available for sale                                            375         375
         Short-term                                                                   58,984       6,834
       Other invested assets                                                          38,113      37,149
                                                                                -------------  ------------
                                                             TOTAL INVESTMENTS       146,913     163,873

         Cash                                                                             77          77
         Agents' balances, less allowance for
          doubtful accounts ($1,489 in 2001 and
          $1,770 in 2000)                                                              3,787       5,773
         Accrued investment income                                                       874       2,329
         Reinsurance balances receivable                                             173,644     174,629
         Prepaid reinsurance premiums                                                 16,065      17,748
         Deferred policy acquisition costs                                               360       3,035
         Due from affiliates                                                           4,313          -
         Due from brokers                                                              5,771          -
         Other assets                                                                  4,968       4,820
                                                                                -------------  ------------
                                                              TOTAL ASSETS          $356,772    $372,284
                                                                                -------------  ------------
      LIABILITIES
         Unpaid losses                                                              $237,013    $239,051
         Unpaid loss adjustment expenses                                              34,773      29,455
         Unearned premiums                                                            28,646      32,622
         Due to affiliates                                                                -          649
         Reinsurance balances payable                                                  2,363       1,505
         Other liabilities                                                             7,309       8,725
         Surplus note                                                                 16,652      16,486
                                                                                -------------  ------------
                                                               TOTAL LIABILITIES     326,756     328,493
                                                                                -------------  ------------
      SHAREHOLDERS' EQUITY
         Common stock, $1 par value: 7,368,420
           shares authorized; 7,078,625 shares issued
           and outstanding in 2001 and 2000                                            7,079       7,079
         Additional paid-in capital                                                    9,331       9,331
         Accumulated other comprehensive income                                        1,073         571
         Retained earnings                                                            12,533      26,810
                                                                                -------------  ------------
                          TOTAL SHAREHOLDERS' EQUITY                                  30,016      43,791
                                                                                -------------  ------------
           TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                               $356,772    $372,284
                                                                                =============  ============
</TABLE>

See Notes to Interim Consolidated Financial Statements

                                     - 1 -
<PAGE>
     CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

<TABLE>
<CAPTION>
     ALLCITY INSURANCE COMPANY AND SUBSIDIARY
     (In thousands, except share and per share amounts)



                                                                                    THREE MONTHS ENDED
                                                                                         MARCH 31
                                                                                ---------------------------
                                                                                     2001         2000
                                                                                -------------  ------------
<S>                                                                                 <C>          <C>
     REVENUES
        Premiums earned                                                             $ 6,565      $ 8,077
        Net investment income                                                         2,691        3,285
        Net realized securities gains/(losses)                                        1,012         (221)
        Other income                                                                     46          158
                                                                                -------------  ------------
                                                                                     10,314       11,299
                                                                                -------------  ------------
     LOSSES AND EXPENSES
        Losses                                                                       14,177        5,792
        Loss adjustment expenses                                                      4,607        1,722
        Other underwriting expenses less deferrals
         of $1,111 in 2001 and $2,386 in 2000                                         1,855        1,859
        Amortization of deferred policy
          acquisition costs                                                           3,786        1,890
        Interest on surplus note                                                        166          144
                                                                                -------------  ------------
                                                                                     24,591       11,407
                                                                                -------------  ------------

     LOSS BEFORE FEDERAL INCOME TAXES                                               (14,277)        (108)

     DEFERRED TAX BENEFIT                                                                 -         (395)
                                                                                -------------  ------------
                                                     NET (LOSS)/INCOME             $(14,277)     $   287
                                                                                =============  ============

     Per share data, based on 7,078,625  average
        shares  outstanding in 2001 and 2000:

                     BASIC AND FULLY DILUTED (LOSS)
                       EARNINGS PER SHARE                                            $(2.02)     $  0.04
                                                                                =============  ============

</TABLE>

See Notes to Interim Consolidated Financial Statements.

                                     - 2 -
<PAGE>
      CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

<TABLE>
<CAPTION>
      ALLCITY INSURANCE COMPANY AND SUBSIDIARY
      (In thousands)
                                                                                    THREE MONTHS ENDED
                                                                                          MARCH 31,
                                                                                ---------------------------
                                                                                      2001         2000
                                                                                -------------  ------------
      NET CASH FLOWS FROM OPERATING ACTIVITIES

<S>                                                                                 <C>          <C>
         Net (loss)/income                                                          $(14,277)    $   287
           Adjustment to reconcile net (loss)/income to
             net cash used for operations:
             Deferred tax benefit                                                        -          (395)
             Amortization of deferred policy acquisition
               costs                                                                   3,786       1,890
             Provision for doubtful accounts                                            (281)         10
             Net realized securities (gains)/losses                                   (1,012)        221
             Policy acquisition costs incurred and deferred                           (1,111)     (2,386)
           Net changes in:
             Agents' balances                                                          2,267      (2,225)
             Reinsurance balances receivable                                             985      16,219
             Prepaid reinsurance premiums                                              1,683       2,460
             Unpaid losses and loss adjustment expenses                                3,280     (27,845)
             Unearned premiums                                                        (3,976)         62
             Due (from)/to affiliates                                                 (4,962)     (1,081)
             Reinsurance balances payable                                                858         630
             Due from brokers                                                         (5,771)        -
             Other                                                                       193       1,845
                                                                                -------------  ------------
      NET CASH USED FOR OPERATING ACTIVITIES                                         (18,338)    (10,308)
                                                                                -------------  ------------

      NET CASH FLOWS FROM INVESTING ACTIVITIES

         Available for sale:
            Acquisition of fixed maturities                                          (18,019)     (6,377)
            Proceeds from sale of fixed maturities                                    69,617      10,789
            Proceeds from maturities of fixed maturities                              19,854         805
         Net change in other invested assets                                            (964)       (981)
         Net change in short-term investments                                        (52,150)      5,950
                                                                                -------------  ------------
      NET CASH PROVIDED BY INVESTING ACTIVITIES                                       18,338      10,186
                                                                                -------------  ------------

          NET DECREASE IN CASH                                                            -         (122)
           Cash, at beginning of period                                                   77         644
                                                                                -------------  ------------
             Cash, at the end of period                                             $     77     $   522
                                                                                =============  ============
</TABLE>

See Notes to Interim Consolidated Financial Statements

                                     - 3 -
<PAGE>


<TABLE>
<CAPTION>
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED)

ALLCITY INSURANCE COMPANY AND SUBSIDIARY
(In thousands, except par value amounts)

                                                           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, 2000          $7,079     $9,331         $(2,304)       $57,610      $71,716
Comprehensive income:
  Net income                                                                   287          287
  Other comprehensive income:
     Net change in unrealized
       loss on investments
       (net of deferred tax
       of $64)                                                  118                         118
     Less: reclassification of
       net securities losses
       included in net income
      (net of deferred tax of $16)                               31                          31
                                                                                       ----------
  Comprehensive income                                                                      436
                                ----------  ----------     ----------     ----------   ----------
Balance, March 31, 2000           $7,079      $9,331        $(2,155)       $57,897      $72,152
                                ==========  ==========     ==========     ==========   ==========

Balance, January 1, 2001          $7,079      $9,331        $   571        $26,810      $43,791
Comprehensive loss:
  Net loss                                                                 (14,277)     (14,277)
  Other comprehensive income:
     Net change in unrealized
       gain on investments                                    1,443                       1,443
     Less: reclassification of
       net securities gains
       included in net loss                                    (941)                       (941)
                                                                                       ----------
  Comprehensive loss                                                                    (13,775)
                                ----------  ----------     ----------     ----------   ----------
Balance, March 31, 2001          $ 7,079      $9,331        $  1,073       $12,533      $30,016
                                ==========  ==========     ==========     ==========   ==========
</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, 2000,  which are included in the Company's  Annual Report filed on Form 10-K
for such year (the "2000 10-K").  Results of operations for interim  periods are
not  necessarily  indicative of annual results of operations.  The  consolidated
balance  sheet at  December  31,  2000 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.      Certain amounts for prior periods have been reclassified to conform with
the 2001 presentation.

3.      Certain  information  concerning  the  Company's  segments for the three
        month  periods  ended  March  31,  2001  and  2000  is  as  follows  (in
        thousands):

<TABLE>
<CAPTION>
                                                                     2001                 2000
                                                                  ----------           ----------
                  PREMIUMS EARNED
<S>                                                                <C>                  <C>
                     Small Business                                $ 1,219              $ 1,419
                     Mid-Market                                      2,847                3,032
                     Personal Lines (1)                              2,499                3,626
                                                                  ----------           ----------
                  Total Premiums Earned                            $ 6,565              $ 8,077
                                                                  ==========           ==========

                  LOSSES INCURRED
                     Small Business                                $ 3,867              $   753
                     Mid-Market                                      6,203                2,590
                     Personal Lines (1)                              4,107                2,449
                                                                  ----------           ----------
                  Total Losses Incurred                            $14,177              $ 5,792
                                                                  ==========           ==========

                  LOSS ADJUSTMENT EXPENSES INCURRED
                     Small Business                                $ 1,257              $   222
                  Mid-Market                                         2,016                  624
                     Personal Lines (1)                              1,334                  876
                                                                  ----------           ----------
                  Total Loss Adjustment Expenses
                      Incurred                                     $ 4,607              $ 1,722
                                                                  ==========           ==========
<FN>
(1)     Includes  assigned risk automobile  business which the Company no longer
        participates in effective January 1, 2000
</FN>
</TABLE>


4.      On March 1, 2001,  the  Company,  Empire  Insurance  Company (its parent
company) and Centurion Insurance Company (an affiliate)  (collectively  referred
to as the "Empire Group")  announced that,  effective  immediately,  it would no
longer  issue any new (as  compared to renewal)  insurance  policies and that it
filed plans of orderly  withdrawal  with the New York  Insurance  Department  as
required.  Existing 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 an agreement for
the sale of the Empire Group's renewal rights (the "Tower Agreement"). Under the
Tower Agreement, Tower will buy the renewal rights for substantially all of

                                     - 5 -
<PAGE>
the Empire Group's  remaining  lines of business,  excluding  private  passenger
automobile  and  commercial  automobile/garage,  for a fee  based on the  direct
written premium actually renewed by Tower. The amount of the fee is not expected
to be  material.  The  Empire  Group will  continue  to be  responsible  for the
remaining  term of its existing  policies and all claims  incurred  prior to the
expiration  of these  policies.  For  commercial  lines,  the Empire  Group will
thereafter  have no  renewal  obligations  for  those  policies.  Under New York
insurance  law, the Empire Group is obligated to offer  renewals of  homeowners,
dwelling  fire,   personal  insurance  coverage  and  personal  umbrella  for  a
three-year policy period;  however, the Tower Agreement provides that Tower must
offer replacements for these policies. The closing of the transaction is subject
to the approval of the New York Insurance Department.

        The Company increased reserves for loss and loss adjustment  expenses by
$11.7  million and $0.9 million for the three month periods ended March 31, 2001
and 2000, respectively.  The increase during the first quarter of 2001 reflected
adverse  development in commercial  package lines of business,  primarily due to
increases  in severity of  liability  claims,  adverse  development  in workers'
compensation  and automobile lines of business and an increase in estimated loss
adjustment expenses related to claims handled in house. In addition, the Company
wrote-off  approximately  $2.2 million of deferred policy  acquisition  costs as
their  recoverability  from premiums and related investment income was no longer
anticipated.

5.      On January 1, 2001, the Company adopted Financial  Accounting  Standards
No. 133,  "Accounting  for Derivative  Instruments  and Hedging  Activities," as
amended  ("SFAS  133").  Under SFAS 133, the Company  would  reflect  derivative
instruments  at  fair  value.  The  implementation  of SFAS  133 did not  have a
material effect on the Company's financial position or results of operations.



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 2000 10-K.

LIQUIDITY AND CAPITAL RESOURCES

        For the three month periods ended March 31, 2001 and 2000,  net cash was
used for operations  principally  as a result of a decrease in premiums  written
and the payment of claims.

        At March 31, 2001 and 2000,  the yield on the Company's  bond  portfolio
was 5.3% and 6.7%,  respectively,  with an average  maturity of 1.0 year and 2.5
years,  respectively.  At March 31, 2001, a substantial portion of the Company's
investment  portfolio is rated  "investment  grade" by  established  bond rating
agencies  or  issued  or  guaranteed  by the U.S.  Treasury  or by  governmental
agencies.  A portion of the Company's invested assets represent an investment in
a limited partnership which invests principally in convertible preferred stocks,
convertible long-term debt securities,  limited partnerships,  and common stocks
sold, but not yet purchased.

                                     - 6 -
<PAGE>
        The Company maintains cash, short-term and readily marketable securities
and anticipates that the cash flow from investment income and the maturities and
sales of  short-term  investments  and fixed  maturities  will be  sufficient to
satisfy its anticipated cash needs. During each of the three month periods ended
March 31, 2001 and 2000, the Company sold certain  securities to meet short-term
cash flow needs. The Company does not presently  anticipate  paying dividends in
the near future.

INTERIM RESULTS OF OPERATIONS-THREE  MONTHS ENDED MARCH 31, 2001 COMPARED TO THE
THREE MONTHS ENDED MARCH 31, 2000.

        Net earned  premium  revenues of the Company  were $6.6 million and $8.1
million for the three month periods ended March 31, 2001 and 2000, respectively.
Earned  and  written  premiums  declined  in almost all lines of  business.  The
declines are due, in part,  to previously  announced  decisions not to issue any
new (as  compared  to  renewal)  insurance  policies  in any  lines of  business
effective March 1, 2001, to non-renew all statutory  automobile policies (public
livery  vehicles)  effective  March 1, 2001,  and to not accept any new  private
passenger  automobile policies effective December 2000. Any remaining commercial
lines  policies  will be  non-renewed  or canceled in  accordance  with New York
insurance law or replaced by Tower.  Under the Tower  Agreement,  Tower will buy
the renewal rights for  substantially  all of the Empire Group's remaining lines
of   business,   excluding   private   passenger   automobile   and   commercial
automobile/garage,  for a fee that is not  expected to be  material.  The Empire
Group will continue to be  responsible  for the  remaining  term of its existing
policies and all claims incurred prior to the expiration of these policies.  For
commercial  lines, the Empire Group will thereafter have no renewal  obligations
for those policies.  Under New York insurance law, the Empire Group is obligated
to offer renewals of homeowners,  dwelling fire, personal insurance coverage and
personal umbrella for a three-year policy period;  however,  the Tower Agreement
provides that Tower must offer  replacements for these policies.  The closing of
the transaction is subject to the approval of the New York Insurance Department.

        Pre-tax  losses for the Company were $14.3  million and $0.1 million for
the three month periods ended March 31, 2001 and 2000, respectively. The pre-tax
losses  include  increases  for loss  and loss  adjustment  expenses  for  prior
accident  years of $11.7  million and $0.9  million for the three month  periods
ended  March 31,  2001 and 2000,  respectively.  In  addition,  during the first
quarter of 2001,  the  Empire  Group  wrote-off  approximately  $2.2  million of
deferred  policy  acquisition  costs as their  recoverability  from premiums and
related investment income was no longer anticipated.

        During the first  quarter of 2001,  the  Company  increased  its reserve
estimates for its commercial  package policies lines of business,  primarily due
to an  increase  in severity of  liability  claims for  accident  years 1998 and
prior.  The Company,  along with other  carriers that write similar risks in the
New York  marketplace,  has exposure for third party liability claims in many of
its lines of business.  During 2001,  there were several  settlements  and court
decisions on third party  liability  cases for amounts that are greater than the
industry'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 has  increased  its loss
reserve estimate by approximately  $5.4 million due to an estimated  increase in
severity for certain of these exposures.

                                     - 7 -
<PAGE>
        First quarter 2001 reserve  strengthening also resulted from unfavorable
development  principally in the Company's  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 business.
The Company  believes that the increased  loss  estimates for PIP are consistent
with recent trends in the industry,  and has strengthened  loss reserves for all
automobile  lines by $2.7 million.  In addition,  during the first quarter,  the
Company  recalculated its estimate of loss adjustment expenses and increased its
reserve by $2.1  million,  primarily  as a result of  increased  costs to settle
claims handled in house.

        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.  As additional  experience and
other data become  available  and are  reviewed,  the  Company's  estimates  and
judgments may be revised.


        Income  taxes for 2000 reflect a benefit of $0.4 million for a change in
the Company's estimated prior year's federal tax liability.


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 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 loss  adjustment  expense  reserves,  prevailing  interest rate levels,
weather   related   conditions   that  may  affect  the  Company's   operations,
consummation  of the Tower  Agreement,  the  ability to  attract  and retain key
personnel,  adverse  selection  through  renewals of the Group's  policies,  the
Group's  ability  to  develop  an  alternative  business  model 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.

                                     - 8 -
<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 March 1,
                 2001, which sets forth  information  under Item 5. Other Events
                 and Item 7. Financial Statements and Exhibits.

                                     - 9 -
<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 15, 2001                       By: /s/Rocco J. Nittoli
                                                  --------------------------
                                                   Rocco J. Nittoli
                                                   Chief Operating Officer


                                     - 10 -
<PAGE>