Property and Casualty Insurance Failures

Despite serious losses from Hurricane Katrina, property and casualty and property insurance had many company failures. According to analysts, property and casualty insurance failures declined about 44%, dropping from 16 to 9; however, there were no bank closures.

The 14 failed insurers and HMOs in 2005

• Realm National Ins.
• Senior Citizens
• Reliant American
• South Carolina Ins.
• Omnicare Health Plan Memphis
• Employers Life
• Financial Insurance
• Amil International
• States general Life
• Hospitality Mutual
• Consolidated
• PrimeGuard Ins. Co
• MagnaHealth of NY
• Benton Life