answersLogoWhite

0


Best Answer

You could try A.M. Best, which is an industry rating organization and tracks the performance and status of insurers..

Additionally, if you know where the company did business, you could contact the various departments of insurance (which are state agencies).

There is no bankruptcy process, as such, for insurance companies. Instead, they are placed by the regulatory authority into "rehabilitation" which is a process by which the regulator takes over the company to see if it is financially "fixable". If it is, the rehabilitation process may go on for several years. If the regulator determines that the company cannot be salvaged, it is placed into "liquidation". This involves the sale of assets, among other things. The regulator also attempt to pay claims with available funds of the insurer, but not all policyholders may get what they otherwise may be due under their policies.

Also applicable may be an insurance guaranty fund maintained by the state. It is usually separate from the insurance regulator, and contributes toward the payment of claims of a defunct insurer. However, the claimant has a relatively short period of time to claim against the association.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Where can you get a list of bankrupt insurance companies?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What finance companies have gone bankrupt due to the credit crunch?

For a list of bankrupt companies try www.BusinessBankruptcyLists.com. They should have a list of bankrupt finance companies.


Which pharmacy companies have become bankrupt?

You can get a list of bankrupt companies in the pharmaceutical industry at www.BusinessBankruptcyLists.com.


List of Bankrupt businesses Ontario Canada?

I need a list of bankrupt companies in Toronto in 2011


List of bankrupt trucking companies?

Go to www.BusinessBankruptcyLists.com. They have lists for all types of bankrupt companies, and they're very affordable.


List of companies that have gone bankrupt in lancashire?

I want to know if the Sparling in Lancashire has gone bankrupt, if so when


List of companies most likely to go bankrupt by 2010?

blockbuster


Life or annuity insurance companies that have gone bankrupt in the last 10 years?

AIG


Where can one find a list of insurance companies that service Holland?

One can find a list of insurance companies that service Holland at Holland Hospital, USAA, and Amica Coverage. These sites have a comprehensive list of insurance companies that service Holland.


Where can I find a list of car insurance companies in New Mexico?

There are many great car insurance companies in New Mexico. You can find a comprehensive list of car insurance companies in New Mexico at http://newmexicoautoinsurancecompanies.com/.


Where can you get a list of insurance companies?

You could contact your states dept. of insurance, they will have a list of all the companys that can sell insurance in your state.


Insurance company in the Philippines that declared bankruptcy?

according to history no insurance companies has been bankrupt because all insurance companies are under the insurance commission which is a government body. in addition, there's no gov't. body has been into bankruptcy. only pre-need companies are going into bankruptcy.


Is there a listing of insurance brokers who handle bankrupt companies?

I don't think so - but be upfront with brokers you contact so they know off hand whether they have markets (insurance companies) who will consider your account.