The number of property-casualty companies placed under regulatory supervision continued to fall in 2006, according to a recent Standard & Poor's report.
In 2006, eight p-c companies came under regulator supervision compared with 10 last year and 13 in 2004.
Vesta Fire Insurance Corp. and its affiliates represented the largest failure in 2006, as measured by total assets of $432 million at year-end 2005.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.