Several insurance companies in the United States have recently undergone significant financial distress, leading to their bankruptcy or winding up. While "in trouble" can refer to various degrees of financial difficulty, the most severe form is insolvency, which results in a company ceasing its operations.
Recent US Insurance Company Bankruptcies and Wind-Ups
Financial challenges can lead insurance companies to cease operations, impacting policyholders and the broader market. Below is a list of companies that have recently undergone bankruptcy or entered into a wind-up process in the USA, as documented by their wind-up dates:
| Company Name | Date of Creation | Wind-up Date |
|---|---|---|
| United Property and Casualty Insurance Company | 1999 | February 2023 |
| FedNat Insurance Company | 1983 | August 2022 |
| Weston Property & Casualty Ins. Co. | - | July 2022 |
| Southern Fidelity Insurance Co. | 2005 | June 2022 |
These instances highlight periods of significant financial strain for various insurers, often influenced by a combination of market conditions, severe weather events, and underwriting challenges. For further information on insurance company bankruptcies, you can refer to resources like the Atlas Magazine list of bankruptcies of insurance companies in USA.
