When it is determined an insurance company isn't able to pay its claimants and creditors, a court can order the company into either a receivership for rehabilitation or liquidation. Photo: Shutterstock.com
An Oklahoma District Court approved an order of liquidation for Go Insurance Company, also known as Peachtree Insurance Company, on March 8, 2024, as a result of the company's financial insolvency. The Oklahoma Receivership Office reports that all policies with Go Insurance were terminated and all coverage canceled effective no later than April 8.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
