Current Table

NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF), INCEPTION-TO-DATE INSOLVENCY FINANCIAL INFORMATION BY COMPANY, TEN LARGEST INSOLVENCIES (1)
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Year Insolvent company Payments Recoveries Net cost
2001 Reliance Insurance Company  $2,867,396,758 $1,751,608,142 $1,115,788,616
2002 Legion Insurance Company  1,481,687,959 453,266,892 1,028,421,067
2000 California Compensation Insurance Company  1,105,143,857 354,332,213 750,811,644
2000 Fremont Indemnity Insurance Company  1,045,377,198 723,963,519 321,413,679
2001 PHICO Insurance Company  776,821,738 247,393,029 529,428,708
2006 Southern Family Insurance Company 719,122,670 324,363,428 394,759,242
1988 American Mutual Liability Insurance Company  586,648,605 255,701,413 330,947,192
1985 Transit Casualty Insurance Company 567,967,111 388,722,447 179,244,664
1986 Midland Insurance Company  552,585,201 87,693,851 464,891,350
1987 Mission Insurance Company 507,133,775 589,318,750 -82,184,975

(1) Ranked by payments, from year of insolvency to 2008.

NCIGF Disclaimer: This is not a complete picture. The numbers may be understated as some states have not reported in certain years.

Source: The National Conference of Insurance Guaranty Funds.

 

Archived Tables

NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF), INCEPTION-TO-DATE INSOLVENCY FINANCIAL INFORMATION BY COMPANY, TEN LARGEST INSOLVENCIES (1)
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Year Insolvent company Payments Recoveries Net cost
2001 Reliance Insurance Company  $2,265,845,612 $1,415,385,230 $850,460,383
2002 Legion Insurance Company  1,272,694,066 227,503,349 1,045,190,717
2000 California Compensation Insurance Company  1,049,745,420 327,756,089 721,989,331
2000 Fremont Indemnity Insurance Company  843,405,746 643,377,434 200,028,312
2001 PHICO Insurance Company  699,420,144 205,770,569 493,649,574
1985 Transit Casualty Insurance Company  566,549,902 379,499,906 187,049,996
2000 Superior National Insurance Company  555,797,035 174,168,193 381,628,842
1988 American Mutual Liability Insurance Company  543,085,140 238,199,539 304,885,602
1986 Midland Insurance Company  531,641,477 50,648,348 480,993,129
2006 Southern Family Insurance Company 516,844,804 246,101,399 270,743,405
(1) From year of insolvency to 2008. Ranked by payments.

NCIGF Disclaimer: This is not a complete picture. The numbers may be understated as some states have not reported in certain years.

Source: The National Conference of Insurance Guaranty Funds.