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If the insurance company issuing your annuity goes belly up, your principal and future payments aren’t insured by the federal government, the way bank deposits of up to $250,000 are at FDIC ...
Philippine American Life and General Insurance Company: American International Assurance: Insurance company [74] February 24, 2010: Chesham Building Society: Skipton Building Society: Building Society £ 230,000,000 [75] April 15, 2010: Banco Privado Português: Government of Portugal Bankruptcy and fraud Bank € 41,000,000: April 30, 2010 ...
The laws are, however, broadly similar in most states. Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York , New Jersey , and the state of Washington . California is the only state that has a limit less than 100%; the limit is 80% up to $300,000 ...
However, state insurance guaranty associations offer some protection to policyholders. Because insurance is regulated at the state level, federal laws like bankruptcy statutes typically don’t ...
The various blocks of business of the company were taken over by various Canadian and American insurance companies. The liquidator was KPMG. As of 2010, the process was still ongoing. It was the third liquidation of an insurance company in Canada in consecutive years, following Les Coopérants in 1992 and Sovereign Life in 1993.
The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company and American Service Insurance Company, Inc. Atlas' insurance subsidiaries have decades of ...
American Income Life Insurance Company; American International Group (AIG) [11] [12] American National Insurance Company [13] American Strategic Insurance (ASI) [14] Ameriprise Auto & Home Insurance; Ameriprise Financial [15] [16] Ameritas Life Insurance Company [17] [18] Amica Mutual Insurance; Amtrust Financial Services [19] [20] Applied ...
Dozens of insurance companies have either left the state or are in liquidation, and the six most expensive cities for coverage in the country are on Florida’s Atlantic coast — with Hialeah’s ...