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. |