A Supreme Court of the New York placed Realm National Insurance Company, a property and casualty insurer domiciled in the state that wrote mainly workers’ compensation, in liquidation on June 15, 2005.
Realm was authorized to write predominately workers’ compensation, commercial automobile and general liability coverage in 24 states. Its business was concentrated in New York, Florida, Georgia, Kentucky, Oklahoma, Tennessee and Texas. It also operated on a surplus lines or non-admitted basis in Kansas, Montana, Ohio and Oregon.
The company did business through managing general agents.
As of March 31, 2005, the company had $12.7 million in assets and an estimated negative $15 million in policyholder surplus, according to the ratings firm, Demotech, Inc.
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