Companies in receivership
One of Insurance Commissioner Mike Kreidler’s primary responsibilities as regulator of Washington’s $20 billion insurance industry is to ensure that insurers maintain fiscal accountability.
When an insurer fails to meet minimum standards for fiscal stability, we are required by state law to petition for a court order placing the company in receivership under our control. We assume control of Washington-based insurers under orders issued in Thurston County Superior Court.
Washington state companies currently in receivership
- Cascade National Insurance Co., of Bellevue
- Great Republic Life Insurance Company - Receivership closed December 2012.
National information about companies in receivership
The Global Receivership Information Database (GRID) (www.naic.org) provides information on active and historical receiverships.
Out-of-state companies in receivership with potential Washington impact