A Travis County, Texas, judge has approved an order placing a Houston-based nonstandard auto insurer into receivership. On Oct. 21, Travis County District Judge Tim Sulak signed the application by the Texas Department of Insurance to appoint a rehabilitator and …
Wisconsin Insurance Commissioner Mark Afable has filed a petition and proposed court order that would allow the Wisconsin Office of the Commissioner of Insurance (OCI) to place Time Insurance Co. in rehabilitation. Time Insurance has close 200,000 policyholders for long-term …
The Illinois Department of Insurance reported that Public Service Insurance Co. (Public Service) and its parent corporation Public Service Mutual Holding Co. have been placed into rehabilitation. Policies will continue in force and policyholder claims will continue to be paid …
The Michigan Department of Insurance and Financial Services (DIFS) has placed Consumers Mutual Insurance of Michigan (Consumers Mutual) in rehabilitation. Consumers Mutual has been offering health insurance through Michigan’s health insurance marketplace. The company and the DIFS jointly announced in …
