Car Insurance Company Bankruptcies at Car Insurance

Car Insurance Company Bankruptcies. If you file for chapter 7 or chapter 13 bankruptcy, you will likely have to pay higher auto insurance premiums. Many companies purchase reinsurance, which is essentially insurance for an insurance company.

What Is Insurance Underwriting?
What Is Insurance Underwriting? from www.thebalance.com

Below is a partial list of companies that have been taken over by state insurance departments (“placed in receivership”) since nolhga’s creation in 1983. The quick answer is yes. Government stepped in to bail out the company in 2008.

What Is Insurance Underwriting?

Ways your benefits are protected: We have never received a cancellation notice at our home address either. State guaranty associations will cover and pay any policy claims. The company is clearly insolvent, asf added.