Weiss Ratings, Inc.



Property and Casualty 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
Colonial Indemnity Ins. Co New York 9/6/2007 .0 U (Unrated)
Lion Ins. Co New York 9/6/2007 .0 U (Unrated)
Vanguard Fire & Casualty Florida 1/19/2007 47.8 E (Very Weak)

2006

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Municipal Mutual Insurance Co California 10/24/2006 N/A E (Very Weak)
Phoenix Fund Inc North Carolina 10/17/2006 29.0 E (Very Weak)
Valor Ins Co Montana 8/3/2006 3.8 U (Unrated)
NJ Exchange New Jersey 7/10/2006 3.6 E+ (Very Weak)
Florida Select Ins Co Florida 6/30/2006 38.6 D (Weak)
Hawaiian Ins and Guaranty Co LTD Hawaii 6/30/2006 26.4 D (Weak)
Shelby Casualty Ins. Co Illinois 6/30/2006 29.3 D (Weak)
Texas Select Lloyds Ins Co Texas 6/30/2006 47.5 D (Weak)
The Shelby Insurance Co Illinois 6/30/2006 29.0 D (Weak)
Vesta Fire Ins Co Illinois 6/30/2006 344.1 D (Weak)
Vesta Insurance Corp Illinois 6/30/2006 19.4 D (Weak)
Florida Preferred Property Ins. Co Florida 5/25/2006 63.4 E+ (Very Weak)
Atlantic Preferred Florida 5/1/2006 63.4 D (Weak)
Southern Family Ins. Co Florida 4/25/2006 56.1 D (Weak)
Universal Insurance Exchange Texas 1/26/2006 10.0 D (Weak)

2005

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
PrimeGuard Ins Co RRG Hawaii 12/19/2005 3.3 D- (Weak)
Old American County Mutual Fire Ins Co Texas 11/7/2005 N/A E+ (Very Weak)
Hospitality Mutual Captive Ins Co Georgia 8/24/2005 4.1 E+ (Very Weak)
Commercial Mutual Ins Co Georgia 6/15/2005 18.7 E (Very Weak)
Cornerstone Mutual Ins Co Georgia 6/15/2005 28.5 D- (Weak)
Realm National Ins. Co New York 6/15/2005 31.2 U (Unrated)
Top Flight Oklahoma 5/10/2005 5.9 E+ (Very Weak)
Senior Citizens Mutual Ins Co Florida 5/9/2005 21.9 C- (Fair)
Reliant American Ins Co Texas 5/6/2005 21.5 E- (Very Weak)
Consolidated American Ins Co South Carolina 3/8/2005 4.0 D (Weak)
South Carolina Ins Co South Carolina 3/8/2005 19.3 E+ (Very Weak)
Union American Insurance Co Florida 2/9/2005 11.0 D (Weak)

2004

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
American Skyline Ins. Co Inc Maryland 11/30/2004 6.0 E+ (Very Weak)
Cascade National Ins Co. Washington 11/30/2004 27.3 D (Weak)
Twin Falls Mutual Insurance Co Idaho 10/29/2004 2.1 D- (Weak)
Association of Trial Lawyers Asr RRG Illinois 10/14/2004 1.5 U (Unrated)
American Superior Ins Co. Florida 9/29/2004 13.5 D (Weak)
MIIX Insurance Co New Jersey 8/27/2004 813.0 U (Unrated)
New America Insurance Co. Florida 7/1/2004 10.9 C- (Fair)
State Capital Ins Co North Carolina 6/21/2004 8.7 D- (Weak)
Colorado Western Insurance Company Colorado 5/27/2004 17.2 D- (Weak)
Foundation Insurance Co South Carolina 5/17/2004 25.5 E (Very Weak)
Financial Insurance Co of America Texas 5/3/2004 10.6 D (Weak)
Mutual Fire Ins Co of Carroll County Maryland 4/12/2004 N/A D (Weak)
Interboro Mutual Indemnity Ins Co. New York 4/6/2004 58.4 E- (Very Weak)
Hospital Casualty Co Oklahoma 3/31/2004 6.5 E (Very Weak)
Physicians Liability Ins Co Oklahoma 3/31/2004 1.5 E+ (Very Weak)
Cumberland Casualty & Surety Co. Florida 2/26/2004 12.1 D (Weak)
Pinnacle Casualty Assruance Corp Alabama 2/2/2004 3.4 E (Very Weak)
Statewide Insurance Co. Illinois 1/6/2004 33.1 D- (Weak)

2003

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Commerical Casualty Insurance Co. of NC North Carolina 11/17/2003 65.7 E (Very Weak)
Commerical Indemnity Ins Co Texas 11/13/2003 2.7 E+ (Very Weak)
Highlands Ins Co Texas 11/6/2003 655.9 E (Very Weak)
Pafco General Ins Co Indiana 10/17/2003 18.7 E (Very Weak)
Superior Insurance Co Florida 8/29/2003 90.6 E (Very Weak)
Pacific National Insurance Co California 8/5/2003 35.7 D (Weak)
Wasatch Crest Insurance Co Utah 7/31/2003 12.4 E- (Very Weak)
Wasatch Crest Mutual Ins Co Utah 7/31/2003 12.4 E+ (Very Weak)
Security Indemnity Ins. Co New Jersey 6/27/2003 39.6 D (Weak)
Republic Western Ins Co Arizona 5/20/2003 576.6 C- (Fair)
Narragansett Bay Insurance Co. Rhode Island 5/1/2003 19.6 C- (Fair)
Pawtucket Mutual Insurance Co. Rhode Island 5/1/2003 111.9 D+ (Weak)
Farmers Mutual Insurance Co. West Virginia 4/15/2003 10.4 D- (Weak)
White Hall Mutual Insurance Co Pennsylvania 4/10/2003 7.8 D (Weak)
Millers Insurance Co Texas 3/24/2003 30.6 E+ (Very Weak)
Patterson Insurance Louisiana 3/17/2003 18.4 E- (Very Weak)
Washington Casualty Co Washington 3/6/2003 41.5 E (Very Weak)
American Natl Lawyers Ins. Reciprocal Tennessee 1/31/2003 14.9 D+ (Weak)
Doctors Insurance Reciprocal RRG Tennessee 1/31/2003 26.6 C- (Fair)
Reciprocal Alliance RRG Tennessee 1/31/2003 31.6 C- (Fair)
Reciprocal of America Virginia 1/29/2003 478.8 C (Fair)
Western Growers Ins Co California 1/17/2003 17.1 E (Very Weak)

2002

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Empire Lloyds Insurance Company Texas 12/30/2002 1.6 E (Very Weak)
Acceptance Ins Co Nebraska 12/20/2002 224.5 D+ (Weak)
Casualty Reciprocal Exchange Missouri 12/19/2002 155.9 D- (Weak)
Equity Mutual Ins Co Missouri 12/19/2002 46.2 D (Weak)
Exchange Ins Co Tennessee 12/19/2002 10.5 D (Weak)
American Growers Ins Co Nebraska 11/25/2002 114.8 D+ (Weak)
Oak Casualty Ins Co Illinois 11/20/2002 22.1 E (Very Weak)
AzStar Casualty Co Arizona 11/17/2002 N/A N/A
Nodak Mutual Insurance Company NorthDakota 9/23/2002 68.0 C (Fair)
MasterCare Insurance Co New Jersey 9/10/2002 N/A E (Very Weak)
Catawba Ins Co South Carolina 8/20/2002 15.8 D (Weak)
Consolidated American Ins Co South Carolina 8/20/2002 5.6 U (Unrated)
South Carolina Ins Co South Carolina 8/20/2002 51.5 E+ (Very Weak)
Eagle Insurance Co New Jersey 7/31/2002 539.5 E- (Very Weak)
Newark Insurance Co. New Jersey 7/31/2002 182.2 E+ (Very Weak)
American Horizon Insurance Company Illinois 7/11/2002 22.4 E (Very Weak)
Grange Mutual Insurance Co Oregon 7/2/2002 12.8 D+ (Weak)
Old American County Mutual Fire Ins Co Texas 5/29/2002 N/A E+ (Very Weak)
Aries Insurance Company Inc Florida 5/10/2002 94.1 U (Unrated)
Western Specialty Insurance Co Illinois 5/6/2002 13.1 E+ (Very Weak)
Paula Insurance Company California 4/26/2002 128.4 E+ (Very Weak)
Alistar Ins Co California 4/11/2002 19.9 E (Very Weak)
Northwestern National Casulaty Co Texas 4/5/2002 N/A D (Weak)
Legion Indemnity Company Illinois 4/3/2002 103.3 C (Fair)
Legion Ins Co Pennsylvania 4/1/2002 1295.2 C (Fair)
Villanova Ins co Pennsylvania 4/1/2002 152.5 C (Fair)
Group Council Mutual Insurance Co New York 3/19/2002 20.1 E- (Very Weak)
National Auto & Casualty Ins Co California 3/15/2002 26.2 D (Weak)
Gallant Ins Co Illinois 2/25/2002 66.0 D- (Weak)
Valor Ins Co Illinois 2/25/2002 64.2 E+ (Very Weak)
Highlands Casualty Co Texas 2/22/2002 N/A D (Weak)
Highlands Lloyds Texas 2/22/2002 N/A D (Weak)
Highlands Underwriters Ins Co Texas 2/22/2002 N/A D (Weak)
Connecticut Surety Co Connecticut 2/6/2002 15.5 D (Weak)
Aberdeen Insurance Company Texas 2/1/2002 7.7 D (Weak)

2001

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Delta Casualty Company Illinois 12/4/2001 16.6 D- (Weak)
Pennsylvania Casualty Company Pennsylvania 11/19/2001 38.8 D- (Weak)
United Agents Ins Co of LA Louisiana 11/12/2001 5.4 D- (Weak)
Independence Indemnity Ins. Co. Kansas 11/11/2001 3.3 E (Very Weak)
Far West Insurance Company Nebraska 11/9/2001 42.5 U (Unrated)
Underwriters Guarantee Ins Co Florida 11/6/2001 20.0 D- (Weak)
Unisource Insuance Co. Florida 9/24/2001 5.1 D- (Weak)
Commercial Truckers RRG Captive Insurance Co South Carolina 9/21/2001 N/A U (Unrated)
United Capitol Ins. Co. Illinois 9/12/2001 196.9 D (Weak)
Frontier Pacific Insurance Company California 9/7/2001 78.8 D- (Weak)
Frontier Insurance Co. New York 8/24/2001 469.1 E (Very Weak)
Associated Physicians Insurance Co. Illinois 8/16/2001 N/A U (Unrated)
PHICO Insurance Co. Pennsylvania 8/16/2001 727.3 D- (Weak)
IGF Insurance Company Indiana 6/29/2001 175.7 E+ (Very Weak)
Republic Casualty Company Oklahoma 6/22/2001 N/A U (Unrated)
Savant Insurance Co. Louisiana 6/20/2001 N/A U (Unrated)
Petrosurance Casualty Co Oklahoma 5/29/2001 32.8 D (Weak)
Colonial Casualty Insurance Company Texas 5/21/2001 36.2 D- (Weak)
Fortune Insurance Company Florida 5/19/2001 26.2 E (Very Weak)
Amwest Surety Insurance Co. Nebraska 5/8/2001 .0 U (Unrated)
Great States Insurance Company California 3/30/2001 93.0 C+ (Fair)
HIH America Compensation and Liability Co. California 3/30/2001 167.1 C (Fair)
HIH America Insurance Co of Hawaii Inc. Hawaii 3/30/2001 35.6 C (Fair)
Amcorp Ins Co Texas 3/21/2001 3.9 D (Weak)
Western Indemnity Ins Co Texas 3/19/2001 73.3 D- (Weak)
American Vehicle Insurance Co Florida 3/6/2001 6.2 U (Unrated)
Cumberland Surety Ins. Co. Inc Kentucky 2/27/2001 N/A U (Unrated)
First Nevada Insurance Co. Nevada 2/20/2001 4.4 D- (Weak)
Statewide Insurance Co. Delaware 2/8/2001 1.1 E+ (Very Weak)
American Agents Insurance Company New York 2/5/2001 16.7 E (Very Weak)
Reliance Direct Insurance Co. Pennsylvania 1/29/2001 55.5 E (Very Weak)
Reliance Insurance Co of Ilinois Illinois 1/29/2001 91.5 E (Very Weak)
Reliance Insurance Co. Pennsylvania 1/29/2001 6068.8 E (Very Weak)
Reliance Lloyds Texas 1/29/2001 1.9 E (Very Weak)
Reliance National Indemnity Co. Wisconsin 1/29/2001 311.1 E (Very Weak)
Reliance National Insurance Co. Delaware 1/29/2001 130.4 E (Very Weak)
Reliance Surety Co. Delaware 1/29/2001 24.6 U (Unrated)
Reliance Universal Insurance Co. California 1/29/2001 53.7 E (Very Weak)
Reliant Insurance Co. Michigan 1/29/2001 31.5 E (Very Weak)
Sable Insurance Co. California 1/29/2001 19.4 D (Weak)
United Pacific insurance Co Pennsylvania 1/29/2001 145.9 E (Very Weak)
United Pacific insurance Co of New York New York 1/29/2001 34.6 E (Very Weak)

2000

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Proliance Insurance Co Ohio 12/28/2000 6.8 E (Very Weak)
First Mutual Insurance Co. Kentucky 12/1/2000 N/A U (Unrated)
Fremont Casualty Ins. Co. Illinois 11/27/2000 557.5 C- (Fair)
Fremont Compensation Insurance Co. California 11/27/2000 N/A U (Unrated)
Fremont Indemnity Company California 11/27/2000 1314.3 C- (Fair)
Fremont Industrial Indemnity Co. California 11/27/2000 594.9 C- (Fair)
Fremont Pacific Insurance Co. California 11/27/2000 37.4 C- (Fair)
New England Fidelity Ins. Co. Massachusetts 11/15/2000 17.8 D (Weak)
International Indemnity Co. Georgia 11/7/2000 61.9 D+ (Weak)
Credit General Indemnity Company Ohio 11/6/2000 7.0 D (Weak)
Credit General Insurance Company Ohio 11/6/2000 101.3 D (Weak)
Forest Products Ins. Exchange Minnesota 11/2/2000 8.7 C (Fair)
Lumber Mutual Insurance Company Massachusetts 11/1/2000 222.0 C (Fair)
North American Lumber Ins. Co. Massachusetts 11/1/2000 30.9 C- (Fair)
SAC Farmers Mutual Ins Assoc IOWA 11/1/2000 N/A D+ (Weak)
SEACO Insurance Company Massachusetts 11/1/2000 37.7 C- (Fair)
Inner Harbor Reinsurance Inc Maryland 10/1/2000 N/A B- (Good)
Agora Syndicate Inc. Illinois 9/14/2000 N/A U (Unrated)
Premier Auto Insurance Co. Pennsylvania 8/31/2000 5.1 D- (Weak)
Hamilton Insurance co Pennsylvania 8/3/2000 21.3 D (Weak)
Capital Mutual Ins. Co. New York 8/1/2000 8.0 E (Very Weak)
Queensway Casualty Ins Co (formerly Biscayne Ins C Florida 6/30/2000 6.5 E (Very Weak)
Unistar Insurance Co Texas 5/22/2000 7.2 D- (Weak)
RCA Syndicate #1 LTD Illinois 5/11/2000 N/A N/A
Acceleration National Ins Ohio 5/1/2000 28.0 D (Weak)
LMI Insurance Co. Ohio 3/20/2000 50.4 E+ (Very Weak)
Union American Insurance Co Florida 3/10/2000 37.7 D (Weak)
California Compensation Ins Co California 3/3/2000 506.4 C (Fair)
Combined Benefit Life Ins Co California 3/3/2000 15.0 C (Fair)
Commercial Compensation Ins Co New York 3/3/2000 15.1 D (Weak)
Superior National Ins Co California 3/3/2000 222.1 D (Weak)
Superior Pacific Casualty Co California 3/3/2000 93.4 D (Weak)
Trust Assurance Co Massachusetts 2/10/2000 20.8 D+ (Weak)
Trust Insurance Co Massachusetts 2/10/2000 151.2 C- (Fair)
Alliance General Ins. Co California 1/7/2000 26.9 E (Very Weak)

1999

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Paradigm Insurance Co Indiana 10/8/1999 51.2 D (Weak)
FTBA Mutual Inc Florida 8/13/1999 N/A E (Very Weak)
Illinois Insurance Co. Illinois 7/20/1999 30.8 D (Weak)
Global Insurance Company Georgia 5/6/1999 3.9 E (Very Weak)
Peer Ins RRG Corp Hawaii 4/6/1999 N/A U (Unrated)
Fidelity National Ins. Co. Florida 3/15/1999 7.0 E (Very Weak)
AAI Syndicate #1 Ltd Illinois 2/2/1999 2.5 N/A
Nonprofits Mutual RRG Vermont 2/1/1999 N/A D (Weak)
Alpine Insurance Company Illinois 1/8/1999 32.8 E (Very Weak)

1998

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Biscayne Insurance Company Florida 11/23/1998 5.2 E- (Very Weak)
St. Judes Protective Assoc. Inc. Missouri 10/1/1998 .0 U (Unrated)
New York Surety Co. New York 9/21/1998 8.5 U (Unrated)
National Consumer Insurance Co New Jersey 6/4/1998 170.2 D+ (Weak)
Associated Business & Commerce Florida 5/25/1998 16.5 E (Very Weak)
Classic Fire & Marine Indiana 3/23/1998 139.6 E (Very Weak)
PIE Mutual Insurance Co Ohio 3/23/1998 281.7 E+ (Very Weak)
First Central Insurance Co. New York 1/28/1998 115.1 E (Very Weak)
PIC Insurance Group, Inc. Pennsylvania 1/21/1998 99.8 E+ (Very Weak)

1997

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Transtate Insurance Co New York 12/17/1997 19.2 E (Very Weak)
American Eagle Insurance Co Texas 12/3/1997 136.5 E (Very Weak)
Capital Casualty Ins. Co. District of Columbia 11/27/1997 N/A U (Unrated)
El Fenix de Pr-Compania de Seguros Puerto Rico 11/3/1997 29.4 E+ (Very Weak)
Home State Insurance Co New Jersey 10/23/1997 33.9 E (Very Weak)
Georgia General Insurance Co Georgia 10/1/1997 7.9 D+ (Weak)
Quaker City Insurance Co Pennsylvania 10/1/1997 23.1 E (Very Weak)
Lutheran Benevolent Ins Exchange Missouri 9/23/1997 N/A E (Very Weak)
Inland American Insurance Co Illinois 9/19/1997 3.7 D (Weak)
United Southern Assurance Co Florida 9/18/1997 27.1 D- (Weak)
Lincoln Mutual Casualty Michigan 8/28/1997 10.3 D+ (Weak)
Westbrook Insurance Co Connecticut 8/22/1997 N/A E (Very Weak)
Grangers Mutual Insurance Co Maryland 8/6/1997 7.1 D+ (Weak)
Home Mutual Ins Co of Binghamton New York 8/5/1997 9.9 E (Very Weak)
New York Merchant Bakers New York 8/5/1997 50.7 E (Very Weak)
U.S. Capital Insurance Co New York 8/1/1997 45.3 E (Very Weak)
Pinnacle Insurance Co Georgia 7/16/1997 10.2 U (Unrated)
Heritage Mutual Insurance Co New York 6/2/1997 N/A E+ (Very Weak)
Pioneer Fire and Casualty Co Pennsylvania 6/2/1997 N/A U (Unrated)
Clinic Mutual Ins Co. RRG Texas 5/8/1997 8.6 U (Unrated)
USA Property & Casualty Arizona 5/7/1997 N/A SD
First Security Casualty Co Michigan 4/28/1997 10.2 D- (Weak)
US International Reinsurance Co New Hampshire 3/12/1997 N/A D+ (Weak)
Casualty Ins Co. of Florida Florida 2/27/1997 17.3 D (Weak)
Crown Casualty Co. Illinois 1/31/1997 11.8 D (Weak)
Armor Insurance Company Florida 1/2/1997 26.9 D+ (Weak)
Golden Eagle Insurance Co California 1/1/1997 1295.6 D- (Weak)

1996

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Coronet Insurance Co Illinois 12/24/1996 116.7 D- (Weak)
National Assurance Indemnity Illinois 12/10/1996 34.3 D+ (Weak)
PCA Property & Casualty Florida 11/15/1996 236.2 E- (Very Weak)
First Oakbrook Syndicate Illinois 11/12/1996 27.4 E+ (Very Weak)
Town & Country Fire & Casualty Arizona 11/1/1996 2.0 D (Weak)
Geneva Assurance Syndicate Illinois 7/1/1996 N/A U (Unrated)
Osteopathic Mutual Insurance Co Tennessee 6/1/1996 N/A U (Unrated)
National Dental Mutual Ins Co RRG Colorado 4/16/1996 2.5 D (Weak)
International Lloyds Ins Co Texas 3/13/1996 N/A SE+
Mid-American Insurance Co Pennsylvania 2/29/1996 2.1 D- (Weak)

1995

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Electric Mutual Liability Ins Co Illinois 10/20/1995 1113.2 D (Weak)
American Inter Fidelity Exchange RRG Indiana 9/8/1995 N/A E- (Very Weak)
Dealers Insurance Co Florida 9/8/1995 7.4 E (Very Weak)
Insurance Co of GA Georgia 9/8/1995 N/A U (Unrated)
Merit Casualty Co Illinois 9/5/1995 N/A E (Very Weak)
Citation General Insurance Co California 8/24/1995 38.1 E+ (Very Weak)
Interstate Guaranty Insurance Co Georgia 8/11/1995 4.9 D+ (Weak)
Automotive Casualty Insurance Co Lousiana 7/24/1995 17.9 D (Weak)
Home Insurance Company New Hampshire 6/16/1995 4258.1 D (Weak)
Abington Mutual Insurance Co Massachusetts 6/5/1995 22.8 D- (Weak)
First Alliance Insurance Co Florida 5/11/1995 5.3 D (Weak)
Manhattan Re-Insurance Co Delaware 4/26/1995 N/A D- (Weak)
Insurance Corp of America (ICA) Texas 3/24/1995 42.9 E+ (Very Weak)

1994

Company State of
Domicile		 Date of
Failure		 At Date of Failure
 Total Assets  
($Mil)		 TheStreet.com Safety
Rating
Pine Grove Mutual Ins Co Pennsylvania 12/16/1994 N/A U (Unrated)
Highland Mutual Insurance Co Pennsylvania 11/24/1994 N/A D (Weak)