View Companies in Liquidation, Rehabilitation and Discharged Estates

If an insurance company is in financial trouble and there is the possibility that claims will not be paid, the Insurance Department will step in to help.  We will work with the Commonwealth Court to determine what actions are deemed to be in the best interest of the policyholders, insureds, and creditors.  In this case, there are several options:

• Rehabilitation: If it is possible to save the company, the Commonwealth Court may order rehabilitation. Generally, in rehabilitation the Commissioner takes possession of the company’s business and corrects the issues to return it to financial health.
• Liquidation: Liquidation is similar to bankruptcy. When a company is liquidated, the company’s assets will be distributed for the benefit of policyholders, creditors and Pennsylvania taxpayers. The liquidation process is very complex and is usually takes several years to be fully resolved.
• Discharge: Discharge usually follows a liquidation.  Once the company’s assets have been distributed and all matters relating to the estate have been settled, that company will be discharged.

Use the search tool to find a company that is in liquidation, rehabilitation or has been discharged. You can type all or part of the company’s name into the search bar or use the ‘filter’ option to sort alphabetically or by company status.