3 States Join Lawsuit Challenging Dodd-Frank Law September 23, 2012 By Emily Stephenson Three U.S. states have joined a lawsuit that challenges the constitutionality of the 2010 Dodd-Frank law that overhauled U.S. financial...
Executive Life Liquidation Plan Gets N.Y. Court’s OK April 17, 2012 A New York judge on Monday approved a plan to liquidate the long-insolvent Executive Life Insurance Co of New York...
Pennsylvania Insurance Department to Liquidate First Sealord Surety February 13, 2012 By Young Ha The Pennsylvania Insurance Department Commissioner Michael Consedine announced last week that the Commonwealth Court has approved the department’s petition to...
Insurance Company Liquidation Paying $4.1 Million to Ohio Consumers December 6, 2011 Ohio Lt. Governor and Department of Insurance Director Mary Taylor announced the successful completion of The Physicians’ Assurance Corp. (TPAC)...
Florida’s HomeWise Insurance Ordered Into Liquidation November 30, 2011 By Michael Adams A Florida judge has ordered a homeowners’ insurer to shut its doors and hand its business affairs over to the...
Two Florida Insurers Face Insolvency Actions: Seminole, AequiCap March 14, 2011 Two Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance...
In Liquidation, Constitutional Casualty Downgraded to ‘F’ March 9, 2011 A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer...