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List of bankruptcies of insurance companies in USA

Bankruptcy of Conseco. Conseco, an insurance company set up in 1979, was estimated at 61.4 billion USD upon its bankruptcy in 2002. Due to bad investments, including the acquisition of numerous companies in the 1990s, in particular Green Tree Financial, the company was pushed to bankruptcy.…

What to Do If Your Life Insurance Company Goes Bankrupt

Life insurance company financial ratings and bankruptcy. While it’s good to know that if your life insurance company goes bankrupt there are protections in place, it’s better to know that your life insurance company has very little chance of going bankrupt in the first place.…

What Happens if my Life Insurance Company Goes Bankrupt ...

Jul 10, 2012 · If a company is found by the association to be insolvent, they will be liquidated, and their policies will be transferred to a solvent life insurance company. The Guaranty Association provides limited coverage to the policyholders of the company in question, according to the specific laws of each state.…