TITLE

Regulators to Liquidate Firm

AUTHOR(S)
Lysiak, Fran Matso
PUB. DATE
November 2009
SOURCE
Best's Review;Nov2009, Vol. 110 Issue 7, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Pennsylvania Department of Insurance has filed petitions for the liquidation of Allentown, Pennsylvania-based Penn Treaty Network America Insurance Co. and its subsidiary American Network Insurance Co. Long-term care insurance has been sold by both firms to more than 120,000 policyholders. The total assets of Penn Treaty is about $1.1 billion.
ACCESSION #
45119973

 

Related Articles

  • PennTreaty Aside, LTC Reinsurance Market Is Viable. CONNOLLY, JIM // National Underwriter / Life & Health Financial Services;2/16/2009, Vol. 113 Issue 4, p30 

    The article offers information on the evolution of the long term care (LTC) reinsurance market in the U.S. despite the plight of Penn Treaty Network America Insurance Co., that was put into rehabilitation. According to Jim Sweeney, executive vice president of Munich American Reassurance Co., the...

  • New Program Streamlines LTCI Application.  // Advisor Today;May2008, Vol. 103 Issue 5, p18 

    The article reports on the benefits of Penn Treaty Network American Insurance Co.'s LTCI QuickPass form. This is a program that enables advisors to quickly determine whether a client qualifies for long-term care insurance (LTCI). The form can be completed over the phone or at the client's home....

  • Rating Actions.  // Best's Review;Mar2009, Vol. 109 Issue 11, p24 

    Several charts are presented depicting the financial strength ratings of life, health and property/casualty insurers in North America and non-U.S. insurance companies, including American Network Insurance Co., Stonington Insurance Co. and First Capital Insurance Ltd.

  • Insurance. Robberds, Mark // Asian Business Review;Dec96, p93 

    States that Asia's growing middle class and general growth of Asian economies have lead to an increasing number of insurance oriented companies entering the region. Comments by Alan Beanland, general manager of Colonial Mutual Asia Pacific; Importance of motor insurance.

  • The insurance industry: Navigating the sea of change. DePrince Jr., Albert E.; Ford, William F. // Business Economics;Oct93, Vol. 28 Issue 4, p9 

    Highlights the evolution of the products and services offered by the insurance industry and the economic forces driving this evolution. Changes in revenue sources; Survivability of property and casualty insurers; Taxes; Demographic changes; Blurring of financial institutions; Unbundling of...

  • British issues.  // Business Insurance;07/13/98, Vol. 32 Issue 28, p23 

    Presents statistical information on insurance companies in Great Britain, as reported on July 13, 1998.

  • Briefly noted.  // Business Insurance;08/10/98, Vol. 32 Issue 32, p22 

    Presents news briefs relating to the insurance companies in the United States. Plans of CNA Financial Corp., to reduce its work force and close several facilities; Naming of Ellen R. Dunkin as general counsel for the Risk and Insurance Management Society Inc.; Approval of the purchase of Mid...

  • NAII exults in its diverse membership. Trout, Richard // Business Insurance;02/15/99, Vol. 33 Issue 7, p36B 

    Features the National Association of Independent Insurers (NAII) established in 1949 to provide a voice for the insurance industry's smaller segments and serve as a catalyst for the competitive marketplace. Number of member companies in 49 states.

  • Namic guides mutuals through century of change. Zolkos, Rodd // Business Insurance;02/15/99, Vol. 33 Issue 7, p36H 

    Features the National Association of Mutual Insurance Cos. (NAMIC), the largest trade association for property/casualty insurance companies in the United States. Number of member companies; Issues facing the organization; Formation by NAMIC of its own bank, First Assurance Bank in recognition...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics