Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation February 20, 2023 By William Rabb Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as...
Florida Restructure Plan Didn’t Take: FedNat Insurance Deemed Insolvent September 27, 2022 By William Rabb Despite monitoring by Florida regulators, cancellation of more than 56,000 policies, and an extensive restructuring plan this year, FedNat Insurance...
FIGA to Extend Assessment, Due to Southern Fidelity, Weston Failures August 23, 2022 By William Rabb Thanks to the mounting number of insolvencies of Florida property insurers in the last two years, the Florida Insurance Guaranty...
Florida DFS Posts Autopsy Reports on 18 Insolvent Insurers, 2012-2017 May 23, 2022 A week after a Florida news report pointed out that few people seem to know that post-insolvency autopsies are required...
Avatar Becomes Second Florida Insurer to Face Insolvency This Year March 8, 2022 Two weeks after St. Johns Insurance Co. was declared insolvent, Florida regulators have taken steps to begin liquidating Tampa-based Avatar...
UK Regulator Warns Firms to Protect Customers in Liability Management Schemes January 25, 2022 By Lucca de Paoli The UK’s markets watchdog warned it will come down hard on struggling firms that leave customers out of pocket when...
Liquidation Requested for Texas Nonstandard Auto Insurer, ACCC November 30, 2020 By Stephanie K. Jones An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based...
California Seizes Small Insurer Merced P&C Due to Wildfire Claims December 2, 2018 By Kathleen Ronayne California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire...
Maryland Policyholders Affected by Penn Treaty, American Network Liquidation April 20, 2017 Maryland Insurance Commissioner Al Redmer, Jr. has announced that more than 1,700 Marylanders have been affected by the Penn Treaty...
Collapse of Utah Insurance Co-Op Leaves Millions in Claims Unpaid July 5, 2016 The collapse of Utah’s nonprofit insurance cooperative is leaving Utah hospitals with millions in unpaid claims. Arches Mutual Insurance Co....