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, the Insurance Commissioner is required by state law to petition for a court order placing the company in receivership under his control.

The Insurance Commissioner has assumed control of Washington-based insurers under orders issued in Thurston County Superior Court.

Companies currently in receivership

Cascade National Insurance Co., of Bellevue

Western United Life Assurance Co., of Spokane

Companies no longer in receivership

Washington Casualty Co, of Issaquah - Sold to FinCor of Michigan 2006. View historical information about the company during the receivership.

KPS Health Plans - Sold to Group Health Cooperative in 2005. View historical information about the company during the receivership.

Companies in Receivership

Companies currently in receivership

Companies no longer in receivership

See also

News releases