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.
Companies currently in receivership
Cascade National Insurance Co., of Bellevue
See also
What happens when an insurance company becomes financially unhealthy? (119 KB).
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