Washington Casualty Company (WCC), a medical professional liability firm, recently announced that it has earned the reinstatement of its license to underwrite insurance in Oregon.
The announcement coincides with the one-year anniversary of WCC’s acquisition by FinCor Holdings, Inc., a Lansing, Mich.-based provider of specialized insurance products and risk management and consulting services. Prior to the acquisition, the Issaquah, Wash.-based WCC was in receivership and operating under restricted licenses in Idaho and Oregon.
The Oregon reinstatement follows the June reinstatement of the company’s Idaho license. The organization now has more than $12 million in capital reserves and an expanding regional service area. During the past year, WCC has generated net new business of more than $1 million, the company written statement said.
A.M. Best Corp. has also upgraded WCC to a B+ (Good) rating with a stable outlook.
Source: FinCor Holdings
Topics Washington Casualty
Was this article valuable?
Here are more articles you may enjoy.
Home Insurance Tops Property Taxes in Squeeze for US Households 
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
