financial difficulty News

Pennsylvania Court Approves Liquidation of Two Insurance Companies

The Commonwealth Court in Pennsylvania has approved petitions to liquidate Penn Treaty Network America Insurance Company and American Network Insurance Company, with policyholder claims set to be paid through the state guaranty association system subject to statutory limits and conditions. …

Ride The Ducks Exits Pennsylvania Over Financial Difficulty, Raised Premiums

The operator of the popular Philadelphia duck boat tours has suspended operations in the city “indefinitely,” the company said. Branson, Missouri-based Ride the Ducks announced on its website Wednesday that it made the move due to financial reasons. “Due to …