Kansas’ Key Insurance Placed Into Liquidation April 4, 2025 By Ezra Amacher Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the...
New York Considers Making Property Insurers Cover Taxi Claims Losses December 12, 2024 By Natalie Lung and Alexandre Rajbhandari New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance...
Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses September 6, 2024 By Claire Ballentine and Laura Nahmias New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning...
New York Regulator Orders Taxi Insurer to Weigh Sale After Losses September 5, 2024 By Claire Ballentine and Laura Nahmias New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer...
Arkansas’ United Home Placed In Receivership September 12, 2023 Arkansas’ United Home Insurance was placed in receivership by the Pulaski County Circuit Court on September 6. Arkansas Insurance Commissioner...
Kansas’ MutualAid eXchange Declared Insolvent, Placed into Liquidation August 28, 2023 By Ezra Amacher The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into...
UK Law Firm Ince to Seek Sale, Amid Cash Concerns, Delays in Reporting Results April 14, 2023 By Sam Tobin Legal and professional services firm Ince Group Plc plans to enter administration and pursue a sale of the company, it...
Florida Commercial Insurer Capacity Insurance Now in Runoff, OIR Order Says April 14, 2023 By William Rabb Less than a year after it announced it would stop writing new business in Florida, commercial carrier Capacity Insurance has...
Kentucky Governor Signs Bill: Guaranty Fund Won’t Pay Claims from Self-Insurers March 23, 2023 By Insurance Journal Staff Reports Kentucky’s governor this week signed into law a bill that seeks to make one thing perfectly clear: The Kentucky Insurance...
Louisiana Commissioner Giving Incentive to Insurers Taking UPC Policies March 6, 2023 Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant...