The Office of the Insurance Commissioner assumed administrative supervision of Western United in December 2003, as parent holding company, Metropolitan Mortgage & Securities, experienced financial difficulties.

The Insurance Commissioner assumed court-ordered control of the company as receiver on March 2, 2004, shortly after the Metropolitan filed for bankruptcy protection.

The Insurance Commissioner and insurance regulators in Idaho and Arizona announced an agreement in March 2005, to pursue a consolidated sale of Western United and two sister insurance companies.

Court filings

Motion for sale and plan of rehabilitation (PDF 4.53MB / 11 min.).
First report (PDF 165KB).
Second report (PDF 284Kb).
Third report (PDF 434KB / 1 min.).
Fourth report (PDF 617KB / 2 min.).

Fourth report (supplemental) (PDF 121KB).

Fifth report (PDF 739KB / 2 min.).
Sixth report (PDF 743KB / 2 min.).
Seventh report (PDF 1MB / 3 min.).

News releases

Proposed sale - March 25, 2005.
Placed in receivership - March 2, 2004.
Agrees to administrative supervision - December 29, 2003.

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