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2003–2004 Insurance Company Insolvencies by State

2004 Insurance Company Insolvencies
Name
State
Type
Report
 Month
SEACO Insurance Company
MA
P/C
MS
 November
Michigan HMO Plans, Inc. MI HMO SS October
Association of Trial Lawyers Assurance IL P/C SS September
Casualty Reciprocal Exchange MO P/C MS August
Equity Mutual Insurance Company MO P/C MS August
Life and Health Insurance Company of America PA L/H MS July
State Capital Insurance NC P/C MS June
Justdental of Delmarva Inc. MD HMDI MS April
Bloomington Insurance Company LA L/H SS April
Old West Annuity & Life Insurance Company AZ L/H MS March
Cumberland Casualty & Surety Company FL P/C MS February
Protective National Insurance Company of Omaha NE P/C MS February
Xantus Healthplan of Tennessee TN HMO N January
Statewide Insurance Company IL P/C MS January
Abundant Life Insurance OK L/H SS January

2003 Insurance Company Insolvencies
Name
State
Type
Report
 Month
Commercial Casualty Insurance of NC
NC
P/C
MS
 November
Commercial Indemnity Insurance Company TX P/C SS October
Good Samaritan Life Insurance Company TX L/H SS August
Nationwide Public Employees Trust FL L/H N August
Pacific National Insurance Company CA P/C MS August
National Warranty Risk Retention Group CI P/C N August
Wasatch Crest Insurance Company UT P/C MS July
Wasatch Crest Mutual Insurance Company UT P/C MS July
Legion Insurance Company PA P/C MS July
Villanova Insurance Company PA P/C MS July
Sac Farmers Mutual Insurance Association IA P/C SS July
Master Care NJ HMO N July
Fremont Indemnity Company CA P/C MS July
Reciprocal of America VA P/C MS June
The Home Insurance Company NH P/C MS June
Western Indemnity TX P/C N June
American National Lawyers Insurance Reciprocal TN P/C SS May
Doctors Ins. Reciprocal RRG TN P/C SS May
The Reciprocal Alliance TN P/C SS May
Washington Security Life Insurance Company MO L/H MS May
Timberland States Insurance Company OR P/C MS May
White Hall Mutual Insurance Company PA P/C MS April
Legion Indemnity Company IL P/C SS April
Washington Casualty Company WA P/C MS March
Providers Direct Health Plan of GA GA HMDI SS March
Millers Insurance Company TX P/C MS March
MII Casualty Inc. MN P/C SS March
Patterson Insurance Company LA P/C MS March
Western Growers Insurance Company CA P/C MS January

Note: Listed are insurance companies declared insolvent during 2003 and 2004. The information includes the company's name, state of domicile, type of company (L/H = Life and Health; P/C = Property/Casualty; FRAT = Fraternal; HMDI = Hospital, Medical and Dental Service or Indemnity Corporation; HMO = Health Maintenance Organization), type of report listing liquidation information (SS = Single State-company operating in only one state; MS = Multistate-company operating in two or more states; N = company did not appear on the MS or SS report but has been added based on other research regarding receiverships) and month of liquidation.

Source: National Association of Insurance Commissioners (NAIC): Status of Single State Company Departmental Conservations, Rehabilitations and Liquidations and Status of Multistate Company Departmental Conservations, Rehabilitations and Liquidations, 1983-2004. 

Visit www.naic.org for up-to-date insolvency information. Details are located under Consumers tab - Receivership information.

 

 

 

  
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