Weiss Ratings, Inc.



Life and Health Insurer Failures * Back

* The company is deemed to have failed if at any time it was either 1) under supervision of an insurance regulatory authority; 2) in the process of rehabilitation; 3) in the process of liquidation; or 4) voluntarily dissolved after disciplinary or other regulatory action by an insurance regulatory authority.

2007

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Municipal Ins. Co of America Illinois 10/24/2007 12.6 D (Weak)
Benicorp Insurance Co Indiana 6/5/2007 53.4 D (Weak)

2006

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Security General Life Ins. Co Oklahoma 9/29/2006 6.2 B- (Good)
Family Life Ins Co of America Texas 8/24/2006 N/A U (Unrated)
Booker T Washington Ins Co Inc Alabama 3/2/2006 54.3 E (Very Weak)

2005

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Lone Star Life Insurance Co Texas 8/18/2005 N/A U (Unrated)
Employers Life Insurance Corp South Carolina 7/24/2005 12.1 E- (Very Weak)
North America Life Ins Co Texas 6/30/2005 N/A E (Very Weak)
Texas International Life Ins Co Texas 6/29/2005 N/A E (Very Weak)
Benton Life Ins. Co, Inc Lousiana 6/23/2005 N/A U (Unrated)
Financial Life & Accident Ins Co Florida 4/18/2005 10.6 U (Unrated)
States General Life Ins. Co Texas 3/9/2005 5.8 D- (Weak)

2004

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Acadian Life Ins. Co & Acadian Financial Group Co Lousiana 8/31/2004 16.0 E- (Very Weak)
Mack H Hannah Life Ins Co Texas 7/23/2004 N/A U (Unrated)
Life and Health Insurance Co of America Pennsylvania 7/2/2004 47.9 E- (Very Weak)
Capitol Life Insurance Co. Texas 3/3/2004 304.8 D (Weak)
National Health Insurance Co. Texas 3/3/2004 873.8 E (Very Weak)

2003

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Old Standard Life Insurance Co Idaho 12/24/2003 425.3 D (Weak)
Old West Annuity & Life Ins Co Arizona 12/24/2003 224.4 D (Weak)
Western United Life Assurance Washington 12/24/2003 1559.8 C- (Fair)
Good Samaritan Life Insurance Co Texas 7/16/2003 N/A U (Unrated)

2002

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Piedmont Insurance Co South Carolina 11/27/2002 2.7 E (Very Weak)
Lifeguard Life Insurance Co California 9/27/2002 32.3 C+ (Fair)
London Pacific Life & Annuity Co North Carolina 7/3/2002 2147.9 C- (Fair)

2001

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
N.A.P.T Florida 8/10/2001 N/A U (Unrated)
Physicians Choice Limited Florida 8/10/2001 N/A U (Unrated)
Heritage National Ins Co Oklahoma 6/22/2001 N/A U (Unrated)
Montana Benefits & Life Co. Montana 6/20/2001 4.8 D (Weak)
Maxicare Life and Health Insurance Company Missouri 5/29/2001 15.0 D- (Weak)

2000

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Blooming Insurance Company Lousiana 11/15/2000 N/A
Medical Community Ins Co. Texas 8/30/2000 2.2 E+ (Very Weak)
Benefit Life Insurance Co Texas 8/16/2000 5.7 E (Very Weak)
American Unified L and H Ins. Co. Illinois 7/27/2000 3.8 D (Weak)
American Investors Life Ins Co Arkansas 7/11/2000 8.5 E (Very Weak)
Illinois Healthcare Insurance Co. Illinois 6/30/2000 13.0 D- (Weak)
Bankers Commercial Lfe Ins Co Texas 5/3/2000 8.3 E- (Very Weak)
American Chambers Life Ins Ohio 2/29/2000 35.1 E+ (Very Weak)

1999

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
HIP Ins Co of NJ, Inc. New Jersey 12/17/1999 77.6 D+ (Weak)
Mercantile Life Insurance Co. Texas 11/18/1999 .2 U (Unrated)
Safety Industrial Life Ins. & Sick Ben. Asn. Co. Louisiana 10/11/1999 .2 U (Unrated)
Integrity Life Ins Ohio 8/20/1999 7829.4 C (Fair)
Access Ins Co Oklahoma 8/17/1999 N/A U (Unrated)
Eagle Life Insurance Co Oklahoma 8/17/1999 N/A U (Unrated)
General Amer Life Ins Missouri 8/9/1999 14084.1 C+ (Fair)
National Integrity Life New York 8/8/1999 1397.5 D+ (Weak)
Liberty Standard Life Ins. Co Texas 7/9/1999 N/A E (Very Weak)
Statesman National life Ins. Co Texas 6/10/1999 N/A E- (Very Weak)
National Affiliated Invest. Louisiana 6/7/1999 4.5 E+ (Very Weak)
Settlers Life Ins.Co Virginia 5/14/1999 206.8 C- (Fair)
Farmers&Ranchers Life In Co Oklahoma 5/12/1999 13.7 D (Weak)
International Financial Service Life Ins Co. Missouri 5/12/1999 109.2 D (Weak)
Franklin Amer. Life Tennessee 5/11/1999 76.1 D (Weak)
Family Guaranty Lfe Ins Mississippi 5/10/1999 28.9 D (Weak)
First National Life Ins Co of Amer Mississippi 5/10/1999 126.2 C (Fair)
Franklin Protective Lfe In Co Mississippi 5/10/1999 24.1 D (Weak)
Southern United Life Alabama 2/28/1999 N/A U (Unrated)
Life Ins. Co. of Alaska Alaska 2/12/1999 N/A U (Unrated)

1998

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Capitol Fidelity Life Ins Co 12/31/1998 N/A U (Unrated)
Lancer Life Ins Company Delaware 12/31/1998 N/A U (Unrated)
Commodore National Life Texas 12/23/1998 .3 U (Unrated)
Ameristar Ins. Co. Tennessee 9/1/1998 N/A U (Unrated)
Professional Benefits Ins. Co. Texas 6/23/1998 2.4 E- (Very Weak)
Stanford Life Insurance Co Arizona 6/3/1998 .7 U (Unrated)
American Colonial Life Ins. Co. Alabama 5/27/1998 2.5 D (Weak)
Centennial Life Insurance Co. Kansas 5/27/1998 117.5 D (Weak)
Forest Investors Life and Health Illinois 5/19/1998 3.6 D- (Weak)
Bankers Credit Life Ins. Co. Alabama 5/12/1998 1.0 E (Very Weak)
Partners Life Insurance, Co. Arizona 4/14/1998 1.5 D- (Weak)

1997

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
American Ins. Co of Texas Texas 11/21/1997 N/A D- (Weak)
Conger Life Insurance Co Florida 11/18/1997 11.9 D- (Weak)
Florida Life Insurance Co Florida 11/18/1997 N/A U (Unrated)
National Financial Insurance Co. Texas 11/15/1997 22.5 D- (Weak)
American Western Life Insurance Co Utah 8/28/1997 15.7 E- (Very Weak)
Benefit Life Insurance Co Texas 8/27/1997 N/A E (Very Weak)
Mid-Continent Life Insurance Co. Oklahoma 6/1/1997 273.0 E (Very Weak)
Arizona Life Insurance Co Arizona 1/30/1997 N/A U (Unrated)
American Life Assurance Corp Alabama 1/1/1997 13.2 E (Very Weak)

1996

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
First National Life Ins Co Alabama 10/1/1996 24.4 D (Weak)
Senate Insurance Company Arizona 9/25/1996 6.5 E (Very Weak)
Senate National Life Ins Co Arizona 9/19/1996 .7 U (Unrated)
National Amer. Life Ins. Co of PA Pennsylvania 5/31/1996 64.9 D (Weak)
First Connecticut Life Ins Co Connecticut 3/28/1996 10.7 D+ (Weak)
Universe Life Insurance Co. Idaho 3/5/1996 29.4 D (Weak)
Washington Security Life Ins Co Missouri 1/25/1996 N/A E+ (Very Weak)
Gulf Atlantic Life Ins Co Texas 1/23/1996 4.1 E+ (Very Weak)

1995

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Supreme Life Ins Co of America Illinois 7/12/1995 4.3 E (Very Weak)

1994

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
American Agency Life Ins Co Virginia 12/31/1994 4.4 U (Unrated)
American Military Life Ins Texas 12/31/1994 N/A U (Unrated)
British Fidelity Assur LTD US BR Florida 12/31/1994 N/A U (Unrated)
Financial Life & Accident Ins Co Florida 12/31/1994 N/A U (Unrated)
Guarantee Security Life Ins Co Florida 12/31/1994 N/A D+ (Weak)
Inter American Insurance Co of IL Illinois 12/31/1994 N/A U (Unrated)
Regency Life Ins Co Florida 12/31/1994 N/A U (Unrated)
Southeast Credit Ins Co Inc Florida 12/31/1994 N/A C (Fair)
US Life Ins Co Florida 12/31/1994 N/A U (Unrated)
Confederation Life Ins & Annuity Georgia 12/22/1994 N/A C- (Fair)
Commonwealth General Ins Co Maine 11/21/1994 N/A U (Unrated)
Life of Fl Insurance Co Florida 11/7/1994 N/A E+ (Very Weak)
Preferred Life Insurance Co Alabama 10/17/1994 N/A U (Unrated)
Twentieth Century Life Ins Co North Carolina 10/16/1994 N/A U (Unrated)
Consolidated National Life Ins Co Indiana 7/21/1994 N/A C (Fair)
Confederation Life Ins. Co Georgia 7/1/1994 N/A C- (Fair)
EBL Life Ins Co Pennsylvania 6/21/1994 43.7 E+ (Very Weak)
Investors Equity Life Ins Co of HI Hawaii 6/9/1994 .2 D- (Weak)
Monarch Life Insurance Co Massachusetts 6/2/1994 N/A D- (Weak)
Nanseekay Life Insurance Co Delaware 5/25/1994 N/A E (Very Weak)
National Heritage Life insurance Co Delaware 5/6/1994 N/A D+ (Weak)
Summit National Life California 4/27/1994 N/A C- (Fair)
Eureka Life Ins Co of America Texas 3/15/1994 N/A U (Unrated)
Life of America Ins Co Texas 3/1/1994 N/A D (Weak)
Corporate Life Insurance Co Pennsylvania 1/27/1994 276.4 E+ (Very Weak)
Integrated Resources Life IOWA 1/26/1994 N/A D- (Weak)
Associated Investors Life Ins Co Texas 1/3/1994 2.8 D (Weak)
Citizens Fidelity Insurance Co Texas 1/3/1994 1.8 D+ (Weak)
Commercial Life & Accident Ins Co Texas 1/3/1994 .4 U (Unrated)
Consumer Protection Life Ins Co Texas 1/3/1994 N/A U (Unrated)
Countrywide Life Insurance Co Texas 1/3/1994 .4 U (Unrated)
Foundation Life Insurance Co Texas 1/3/1994 .1 U (Unrated)
Globe Life & Acc Ins Co of OK Inc Oklahoma 1/3/1994 N/A U (Unrated)
Inland Life Insurance co Texas 1/3/1994 N/A U (Unrated)
Liberty General Life Insurance Co Texas 1/3/1994 2.2 D (Weak)
Mid America Security Life Ins Co Oklahoma 1/3/1994 13.1 C- (Fair)
United Republic Life Utah 1/3/1994 N/A D (Weak)
FL Nat Ins Services, Inc Florida 1/1/1994 N/A U (Unrated)

1993

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
American Trend Life Ins Co Arizona 12/30/1993 N/A D- (Weak)
International Security Life Ins Co Texas 12/30/1993 N/A U (Unrated)
Security International Ins Co North Dakota 12/30/1993 N/A U (Unrated)
American Woodmen's Life Ins Co Colorado 12/28/1993 N/A E (Very Weak)
Florida General Life Insurance Co Florida 12/21/1993 N/A U (Unrated)
American Educators Life Ins Co Alabama 12/2/1993 N/A E (Very Weak)
National Savings Life Ins Co Arkansas 9/27/1993 N/A U (Unrated)
Alpha Life Ins Co Texas 9/21/1993 .1 U (Unrated)
Bass Life Ins Co Arizona 9/21/1993 N/A U (Unrated)
Inter-American Life Reinsurance Co Arizona 9/17/1993 N/A U (Unrated)
Pilgrim Life Ins Pennsylvania 9/10/1993 N/A E+ (Very Weak)
Custom Security Mutual Life Ins Co Texas 7/27/1993 .3 U (Unrated)
Kent Life Ins Co Arizona 7/27/1993 N/A U (Unrated)
Midwest International Life Ins Co North Dakota 7/27/1993 N/A E (Very Weak)
United Life of North America Arizona 6/30/1993 N/A D (Weak)
Senior Security Life Ins Co Oklahoma 6/15/1993 N/A D (Weak)
First Fidelity Life Insurance Co Texas 6/14/1993 N/A U (Unrated)
Employers Life Insurance Co Alabama 6/1/1993 8.0 D (Weak)
Kentucky Central Life Ins Co Kentucky 5/21/1993 N/A E+ (Very Weak)
Amer. Protectors Life Ins. Co Florida 4/29/1993 25.1 D (Weak)
American Protectors Life Ins. Co Florida 4/29/1993 N/A D (Weak)
American Way Life Insurance Co. Michigan 4/16/1993 18.2 D (Weak)
Hopkins County Insurance Co Texas 2/15/1993 2.3 U (Unrated)
Coastal States Life Ins Co Georgia 2/9/1993 N/A D (Weak)
Consumers United Ins Co Delaware 2/9/1993 N/A E+ (Very Weak)
Legal Security Life Insurance Co Texas 1/21/1993 N/A E- (Very Weak)
Republic Bankers Life Ins Co Texas 1/21/1993 N/A E (Very Weak)
Inter-American Life Insurance New Jersey 1/15/1993 N/A U (Unrated)
American Financial L I C Missouri 1/14/1993 5.0 C- (Fair)

1992

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Fidelity Mutual Life Insurance Co. Pennsylvania 11/6/1992 1265.5 D+ (Weak)
Benefit Life Insurance Co Texas 10/15/1992 N/A E (Very Weak)
Bankers Life Ins Co of America Texas 10/1/1992 N/A D- (Weak)
Paramount National Life Ins Co Texas 10/1/1992 N/A D+ (Weak)
Progressive Mutual Life Ins Co Texas 10/1/1992 .3 U (Unrated)
Provident American Ins Co Texas 10/1/1992 13.4 E+ (Very Weak)
Texas Central Life Ins Texas 10/1/1992 3.1 D- (Weak)
Investment Life Ins Co of America North Carolina 8/31/1992 67.3 D (Weak)
Bonneville Life Ins Co Utah 7/31/1992 N/A D (Weak)
Central Life Ins Co Mississippi 6/19/1992 2.8 D- (Weak)
Essex Life Ins Co New Jersey 6/19/1992 5.3 E+ (Very Weak)
Gipson National Life Texas 6/14/1992 4.3 C- (Fair)
Ensign Life Ins Co Texas 6/1/1992 .1 U (Unrated)
United Security Life Ins. Co. Texas 5/5/1992 .1 U (Unrated)
Life Ins Co of the South Lousiana 4/16/1992 N/A D (Weak)
AMS Life Ins Co Arizona 4/15/1992 N/A D (Weak)
MBL Life ASR Corp New Jersey 4/15/1992 N/A C- (Fair)
N. American Equitable Life Asr Co Ohio 3/23/1992 N/A D+ (Weak)
Old Faithful Life Ins Co Wyoming 3/23/1992 23.2 D (Weak)
Atlantic General Life Ins Co Florida 3/10/1992 19.3 U (Unrated)
Andrew Jackson General Ins Co Mississippi 2/10/1992 N/A N/A
Andrew Jackson Life Ins Co Mississippi 2/10/1992 53.3 D (Weak)
Indiana Southern Life Ins Co Indiana 1/20/1992 N/A D+ (Weak)
Republic American Life Ins co Arizona 1/8/1992 5.9 D+ (Weak)

1991

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Columbia Life Ins Co Pennsylvania 12/13/1991 N/A E- (Very Weak)
First Life Asr Co Oklahoma 12/13/1991 N/A C (Fair)
American Savings Life Ins. Co Lousiana 11/21/1991 N/A
Sierra Life Ins Co IDAHO 10/29/1991 N/A E (Very Weak)
Exceptional Producers Life Ins Co Arizona 9/19/1991 N/A E+ (Very Weak)
First Delaware Life Ins Co Delaware 9/19/1991 N/A C- (Fair)
First Stratford Life Ins Co Delaware 9/19/1991 N/A C- (Fair)
Georgia Life and Health Ins Co Florida 9/19/1991 N/A D+ (Weak)
Nurses Guaranteed Retirement LIC Florida 9/19/1991 9.9 E+ (Very Weak)
Pierce National Life Ins Co California 9/19/1991 N/A D+ (Weak)
General Life and Acc Insurance Co Texas 9/16/1991 3.2 E (Very Weak)
Western Pacific Life Ins Co California 8/21/1991 N/A C (Fair)
Golden American Life Ins Co Minnesota 8/13/1991 N/A E (Very Weak)
Great Republic Ins Co California 8/13/1991 N/A E+ (Very Weak)
World Life & Health Ins Co of Pa Pennsylvania 7/29/1991 N/A D (Weak)
Mutual Benefit Life Ins Co New Jersey 7/16/1991 N/A D+ (Weak)
Great Lakes Amer Life Ins Co Michigan 7/2/1991 N/A E (Very Weak)
Farm & Home Life Ins Co Arizona 6/24/1991 N/A E+ (Very Weak)
Kilpatrick Life Insurance Co Texas 6/24/1991 N/A D (Weak)
Old Colony Life Ins Co Georgia 6/15/1991 N/A D- (Weak)
Chesapeake Life Ins Co Maryland 6/6/1991 N/A D (Weak)
First Landmark Life Ins Co Nebraska 6/6/1991 N/A D (Weak)
Lincoln Liberty Life Ins Co Nebraska 6/6/1991 N/A D- (Weak)
Legacy Life Ins Co Nebraska 6/5/1991 N/A E+ (Very Weak)
Springfield Life Ins Co Inc Vermont 6/5/1991 N/A E (Very Weak)
First Citizens Life Ins Co Arizona 6/1/1991 N/A C- (Fair)
Life of Indiana Ins Co Indiana 6/1/1991 N/A E (Very Weak)
Underwriters National Asr Co Indiana 6/1/1991 N/A C (Fair)
First Capital Life Insurance California 5/14/1991 N/A D+ (Weak)
First Dominion Mut Life Ins Virginia 5/13/1991 N/A D+ (Weak)
Executive Life Ins Co of New York New York 4/23/1991 3899.1 E- (Very Weak)
Atlantic & Pacific Life Ins Co of Amer Georgia 4/18/1991 N/A C (Fair)
Executive Life Ins Co California 4/11/1991 N/A D- (Weak)
American Financial Life Ins Co Florida 4/3/1991 N/A E (Very Weak)
American Standard Life & Accident Ins. Co Oklahoma 2/22/1991 N/A D (Weak)

1990

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Amer Independence Life Ins Co Missouri 12/31/1990 5.8 D+ (Weak)
Amer Security Life Asr Co of NC North Carolina 12/17/1990 N/A U (Unrated)
Lincolnwood National Life Ins Co Illinois 12/1/1990 N/A E (Very Weak)
Mid America Life Asr Co Michigan 11/16/1990 N/A E (Very Weak)
Independence Life Ins Co Louisiana 11/7/1990 N/A E+ (Very Weak)
Life Assurance Co of PA Pennsylvania 11/7/1990 N/A D (Weak)
Midwest Life Ins Co Louisiana 11/7/1990 N/A D (Weak)
New Jersey Life Insurance Co New Jersey 11/7/1990 N/A E- (Very Weak)
Excalibur Life Ins Co Texas 10/19/1990 N/A U (Unrated)
George Wash. Life Ins Co of CA California 10/15/1990 N/A E (Very Weak)
American Protectors Ins. Co Utah 9/18/1990 N/A N/A
American Guaranty Life Ins Co Oregon 9/12/1990 N/A U (Unrated)
National Benefit Life Insurance Co Texas 8/23/1990 N/A E- (Very Weak)
Bankers Protective Life Insurance Co Texas 8/16/1990 N/A E (Very Weak)
Justice Life Insurance co Texas 8/9/1990 N/A D- (Weak)
United Equitable Life Ins Co Illinois 8/8/1990 N/A E (Very Weak)
George Washington Life insurance W. Virginia 8/1/1990 N/A E (Very Weak)
Mutual Security Life Ins Co Indiana 7/7/1990 N/A E (Very Weak)
Progress Life and Accident Ins Co Oklahoma 7/7/1990 N/A E- (Very Weak)
Amer. Fin. Security Life Missouri 4/20/1990 N/A C (Fair)
American Independence Life Ins Co Missouri 4/20/1990 N/A D+ (Weak)
Old Southern Life Ins Co Alabama 1/7/1990 N/A E+ (Very Weak)
Underwriters Life Ins Co South Dakota 1/1/1990 N/A E (Very Weak)

1989

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
American Equitable Life Ins. Co Texas 11/17/1989 N/A E+ (Very Weak)
Pacific Standard Life Ins Co