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Corporate changes.

The number of state actions continued to rise in 2003 to 45 compared with 44 in 2002 and 35 in 2001.

This year's corporate changes study, based on filing and A.M. Best Co. data, shows 23 new property/casualty insurers entered the market in 2003. There were 57 acquisitions or ownership changes, compared with 29 in 2002, 36 mergers in 2003 vs. 31 in 2002, and 58 name changes compared with 62 in 2002.

All changes occurred in 2003, unless otherwise indicated. Locations in parentheses indicate a company's domicile when it differs from the location of its headquarters.

Mergers

American Colonial Insurance Co. (Albany, N.Y.), Paramus, NJ. On June 20, the company merged into its parent, North East Insurance Co.

Bakerstown Mutual Fire Insurance Co., Reamstown, Pa. On Feb. 19, the Pennsylvania Insurance Department approved the merger of Bakerstown Mutual Fire into Reamstown Mutual Insurance Co. with the effective date being Jan. 1. Reamstown Mutual assumed all assets and liabilities of the company.

Berkshire Mutual Insurance Co., Pittsfield, Mass. On July 1, the company merged into Harleysville Mutual Insurance Co. It had been in runoff since 2002.

Builders Direct Insurance Co., Harrisburg, Pa. Effective Oct. 1, the company merged into Eastern Atlantic Insurance Co.

CDC IXIS Financial Guaranty North America Inc., New York. Effective Aug. 31, the company merged with and into Western Continental Insurance Company of New York, the survivor. The name was then changed back to CDC IXIS Financial Guaranty North America, Inc.

Chicago Motor Club Insurance Co., Aurora, Ill. On Dec. 1, the company was merged into an affiliate, MemberSelect Insurance Co.

Clayton Reinsurance Ltd., Webster Groves, Mo. On Dec. 31, the company was merged into Reliable Life Insurance Co.

Commonwealth Medical Liability Insurance Co., Washington, D.C. On Dec. 31, the company merged into its parent, NCRIC Inc.

Comstock Insurance Co., Glendale, Calif. Effective June 22, 2001, the company was placed under state supervision by the state of California. During the fourth quarter of 2002, the Insurance Department began the process of liquidation. On March 14, Comstock merged into an affiliate, Fremont Indemnity Co.

CORPA Reinsurance Co. (New York), Short Hills, N.J. Effective Dec. 31, the company merged with and into Stonebridge Casualty Insurance Co., the survivor.

Denver Mutual Insurance Co., Newton, Ill. Effective Jan. 1, the company merged into Heartland Mutual Insurance Co.

Eagle Pacific Insurance Co., Seattle. Effective Dec. 31, the company merged into American Protection Insurance Co.

Farm Bureau Insurance Company of Nebraska, Lincoln, Neb. Effective Jan. 1, the company merged into Farm Bureau Mutual Insurance Co., West Des Moines, Iowa.

Farm Bureau Mutual Insurance Co. Inc. (Kansas), Manhattan, Kan. On Jan. 1, the company merged into Farm Bureau Mutual Insurance Co., West Des Moines, Iowa.

Guarantee Company of North America USA, Mount Laurel, N.J. On Dec. 31, the company merged into Mid-State Surety Corp. and simultaneously changed the name to Guarantee Company of North America USA. The company had redomesticated to Michigan on Dec. 18.

Independent Reciprocal Exchange, Baltimore. As of Dec. 31, the company merged into Independent Mutual Fire Insurance Co.

ING Western Union Insurance Co., Calgary, Alberta, Canada. On July 1, the company merged into an affiliate, ING Insurance Company of Canada.

Instant Auto Insurance Co. (Jefferson City, Mo.), Addison, Texas. On Dec. 31, the company merged with Insura Property and Casualty Insurance Co.

Lawrenceville Property and Casualty Co. (Arlington, Va.), Lawrenceville, N.J. On Dec. 31, the company merged into MIIX Insurance Co.

Linsco Reinsurance Co., Fort Wayne, Ind. Effective Nov. 5, the company merged into Swiss Reinsurance America Corp.

Mapfre Insurance Company of America Inc., Miami. On Jan. 24, the company was merged into an affiliate, Mapfre Insurance Company of Florida.

Meridian Structural Insurance, Risk Retention Group, Honolulu. On Sept. 30, the company merged with United Home Insurance Co., Risk Retention Group, Burlington, Vt.

Montgomery Indemnity Co., Sandy Spring, Md. Effective June 30, the company merged into its ultimate parent, Montgomery Mutual Insurance Co.

Neffsville Mutual Fire Insurance Co. (Lititz, Pa.), Westfield Center, Ohio. On Dec. 4, the company merged into an affiliate, Old Guard Insurance Co.

North Carolina Associated Industries Workers' Compensation Fund Inc. (North Carolina), Greensboro, N.C. On Jan. 1, a new company was formed and North Carolina Associated Industries Workers' Compensation Fund was merged into it. The name was changed to Associated Industries Mutual Insurance Co. at that time.

Northern Mutual Insurance Co. (Minnesota), Minneapolis. Effective Oct. 1, the company merged into Austin Mutual Insurance Co.

Northwestern National Casualty Co. (Brookfield, Wis.), Lawrenceville, N.J. Effective Feb. 22, 2002, Highlands Insurance Co. was placed under state supervision by the Texas Department of Insurance. The order included all of the subsidiaries and affiliates. On May 30, the company merged into a former affiliate, Highlands Insurance Co.

Orion Insurance Co. (Farmington, Conn.), Charlotte, N.C. On Dec. 31, the company merged with and into an affiliate, Security Insurance Company of Hartford.

Pacific Automobile Insurance Co. (Woodland Hills, Calif.), Lawrenceville, N.J. Effective Feb. 22, 2002, Highlands Insurance Co. was placed under state supervision by the Texas Department of Insurance. The order included all of the subsidiaries and affiliates. On April 30, the company was merged into its parent, Pacific National Insurance Co.

St. Paul Insurance Company of Illinois (Chicago), St. Paul, Minn. Effective Jan. 1, the company merged into its parent, St. Paul Fire and Marine Insurance Co.

St. Paul Property & Casualty Insurance Co. (Omaha, Neb.), St. Paul, Minn. Effective Jan. 1, the company merged into its parent, St. Paul Fire and Marine Insurance Co.

Surplus Underwriters Casualty Insurance Co., Houston. Effective Sept. 30, the company merged with its sister company, Financial Casualty & Surety Inc., with the latter being the survivor.

TIG Insurance Company of Colorado, Englewood, Colo. On Dec. 31, the company merged into its parent, TIG Insurance Co.

TIG Insurance Company of Texas, Irving, Texas. On Dec. 31, the company merged into its parent, TIG Insurance Co.

TIG Insurance Corporation of America, Okemos, Mich. On Dec. 31, the company merged into its parent, TIG Insurance Co.

United States Fire Insurance Co. (New York), Morristown, N.J. On Dec. 31, the company merged with and into MJR Fire Insurance Co., Wilmington, Del. The name was then changed back to United States Fire Insurance Co.

Name Changes

AAA MountainWest Insurance Co., Anchorage, Alaska. Effective Nov. 20, the name of the company was changed to ACA Insurance Co.

Alea North America Reinsurance Co. (Wilmington, Del.), Rocky Hill, Conn. Effective Jan. 1, the name of the company was changed to Alea North America Specialty Insurance Co.

Allianz Insurance Co., Burbank, Calif. Effective July 9, the name of the company was changed to Allianz Global Risks US Insurance Co.

American Safety Insurance Group Ltd., Hamilton, Bermuda. Effective June 20, the name of the company was changed to American Safety Insurance Holdings, Ltd.

Belleville Mutual Insurance Co., Belleville, Ill. Effective Jan. 1, the name of the company was changed to Heartland Mutual Insurance Co.

Broome County Co-op Fire Insurance Co., Windsor, N.Y. In January the name of the company was changed to Broome Co-op Insurance Co.

CalFarm Insurance Co., Sacramento, Calif. Effective Dec. 15, the name of the company was changed to Crestbrook Insurance Co. In conjunction with the name change, the company redomesticated from California to Ohio.

Caliber One Indemnity Co. (Wilmington, Del.), Yardley, Pa. Effective Jan. 2, the company was sold as a shell to individuals. The shell company is known as Maxum Indemnity Co.

CGU Insurance Company of Canada US Branch, New York. In June the name of the company was changed to Aviva Insurance Company of Canada.

Charter County Mutual Insurance Co. (Dallas), Chicago. On Dec. 4, the name of the company was changed to Unitrin County Mutual Insurance Co.

Chubb Corporate Solutions Insurance Co. (Indianapolis), Warren, N.J. On Oct. 28, the name of the company was changed to Quanta Specialty Lines Insurance Co., following the acquisition of the company as a shell.

Combined Specialty Insurance Co., Glenview, Ill. Effective April 1, the name of the company was changed back to its previous title, Virginia Surety Co. Inc.

Commonwealth Mortgage Assurance Company of Arizona (Phoenix), Philadelphia. On July 22, the name of the company was changed to Radian Mortgage Insurance Inc.

Comprehensive Ensurers Market Insurance Co. Inc., Buffalo Grove, Ill. Effective Jan. 14, the name of the company was changed to CEM Insurance Co.

Continental Western Casualty Co., Urbandale, Iowa. Effective Nov. 5, the name of the company was changed to Clermont Insurance Co.

Fidelity Excess and Surplus Lines Insurance Co., Cincinnati. On June 30, the company was sold as a shell and renamed James River Insurance Co.

FMH Mutual Insurance Co., Omaha, Neb. On May 29, the name changed to MAMIC Mutual Insurance Co.

Fremont Employers Insurance Co., Glendale, Calif. Effective Dec. 8, the name of the company was changed to Employers Compensation Insurance Co.

Garrison Property and Casualty Association, San Antonio. On Nov. 1, the company converted to a stock company and changed its name to Garrison Property and Casualty Insurance Co.

GE Auto & Home Assurance Co., Fort Washington, Pa. Effective Aug. 29, the name of the company was changed to AIG Preferred Insurance Co.

GE Casualty Insurance CO., Fort Washington, Pa. Effective Aug. 29, the name of the company was changed to AIG Premier Insurance Co.

GE Indemnity Insurance Co., Fort Washington, Pa. Effective Aug. 29, the name of the company was changed to AIG Indemnity Insurance Co.

GE Property & Casualty Insurance Co., Fort Washington, Pa. Effective Aug. 29, the name of the company was changed to AIG Centennial Insurance Co.

General Security Insurance Co. (DeWitt, N.Y.),Jacksonville, Fla. Effective Feb. 18, the name of the company was changed to Unitrin Auto & Home Insurance Co. following the sale of the company to Unitrin Inc. in December 2002.

General Security Property & Casualty co. (DeWitt, New York), Jacksonville, Fla. Effective Feb. 18, the name of the company was changed to Unitrin Preferred Insurance Co. following the sale of the company to Unitrin Inc. in December 2002.

Gerling Canada Insurance Co., Toronto. Effective June 30, the name of the company was changed to GCAN Insurance Co.

Gerling N.C.M Credit Insurance, Inc., Baltimore. On Dec. 24, the name of the company was changed to Atradius Trade Credit Insurance Inc.

The Gray Casualty CO., Metairie, La. Effective Nov. 10, the name of the company was changed to The Gray Casualty & Surety Co.

Heritage Warranty Mutual Insurance Risk Retention Group (Charleston, S.C.), Lincoln, Neb. On Sept. 19, the name of the company was changed to Heritage Warranty Insurance Risk Retention Group Inc.

Housing Authority Property Insurance, Inc. (South Burlington, Vt.), Cheshire, Conn. Effective Dec. 31, the company converted from a captive to a domestic insurance company and changed the name to Housing Authority Property Insurance, A Mutual Co.

Kemper Auto & Home Insurance Co. (Chicago),Vista, Calif. On Dec. 5, the name of the company was changed to Unitrin Direct Property & Casualty Co.

Kemper Employers Insurance Co. (Chicago), Seattle. On Nov. 20, the name of the company was changed to SeaBright Insurance Co.

Mercer Mutual Insurance CO. (Lock Haven, Pa.), Pennington, N.J. On Dec. 12, the company converted from a mutual to a stock company and changed the name to Mercer Insurance Co.

Mercury Indemnity Company of Florida (Clearwater, Fla.), Los Angeles. On Aug. 4, the Florida Department of Insurance approved the name change of the company to Mercury Indemnity Company of America, with an effective date of May 15.

Mid-State Surety Corp., Grosse Pointe Farms, Mich. On Dec. 31, the name of the company was changed to Guarantee Company of North America USA.

Millers Mutual Insurance Association, Alton, Ill. Effective April 2, the company converted from a mutual to a stock company and changed the name to Millers First Insurance Co.

Milwaukee Mutual Insurance Co., Brookfield, Wis. On April 1, the company converted from a mutual to a stock company and changed the name to Milwaukee Insurance Co.

Mitsui Marine and Fire Insurance Company of America (New York),Warren, N.J. Effective July 1, the name of the company was changed to Mitsui Sumitomo Insurance USA, Inc.

Monroe Co-Operative Fire Insurance Co., Rochester, N.Y. On July 1, the name of the company was changed to Monroe Co-Op Insurance Co. when the company was converted to an advance premium cooperative corporation.

Mountbatten Surety Co. Inc., Bala Cynwyd, Pa. Subsequent to the sale of the shell company to Sealord, LLC from Fidelity & Deposit Co. of Maryland on April 4, the company was titled First Sealord Surety Inc.

National Farmers Union Standard Insurance Co., Aurora, Colo. Effective Dec. 31, the name of the company was changed to Quanta Indemnity Co.

Northbrook Property and Casualty Insurance Co. (Chicago), St. Paul, Minn. Effective April 29, the name of the company was changed to St. Paul Protective Insurance Co.

Odyssey Reinsurance Corp. (Wilmington, Del.), Stamford, Conn. On Dec. 4, the name of the company was changed to Clearwater Insurance Co.

Old Republic Minnehoma Insurance Co. (Phoenix),Tulsa, Okla. Effective June 27, the name of the company was changed to Old Republic Security Assurance Co.

Pan American Insurance Co., Hato Rey, Puerto Rico. Effective Dec. 31, the name of the company was changed to MAPFRE Pan American Insurance Co.

Planet Indemnity Co., Peoria, Ill. Effective Oct. 1, the name of the company was changed to RLI Indemnity Co.

Preferred Risk Insurance Co., Hard Rey, Puerto Rico. Effective Dec. 31, the name of the company changed to MAPFRE Preferred Risk Insurance Co.

Prudential Commercial Insurance Company of New Jersey, Holmdel, N.J. On Nov. 1, the name of the company was changed to High Point Safety and Insurance Co. subsequent to the acquisition by Palisades Safety & Insurance Association.

Prudential General Insurance Company of New Jersey, Holmdel, N.J. On Nov. 1, the name was changed to High Point Property and Casualty Insurance Co. subsequent to the acquisition by Palisades Safety and Insurance Association.

Prudential Property and Casualty Insurance Company of New Jersey, Holmdel, N.J. On Nov. 11, the name of the company was changed to High Point Preferred Insurance Co. subsequent to the acquisition by Palisades Safety & Insurance Association.

Puerto Rican American Insurance Co., Hato Rey, Puerto Rico. Effective Dec. 31, the name of the company was changed to MAPFRE PRAICO Insurance Co.

Sheffield Insurance Corp. (Chicago), Alpharetta, Ga. Effective June 9, the name of the company was changed to AXIS Surplus Insurance Co. following the acquisition by AXIS U.S. Holdings, Inc.

Specialty Lloyds Insurance Co. (Fort Worth, Texas), Scottsdale, Ariz. Effective Dec. 12, the name of the company was changed to Reliable Lloyds Insurance Co.

Sumitomo Marine & Fire Insurance Company of America (New York),Warren, N.J. Effective July 1, the name of the company was changed to Mitsui Sumitomo Insurance Company of America.

Underwriters Indemnity Co., Houston. Effective April 30, the name of the company was changed to Lexon Insurance Co.

Underwriters Reinsurance Co. (Manchester, N.H.),Atlanta. Effective June 25, the name of the company was changed to RSUI Indemnity Co., following the acquisition by Alleghany Corp. from Swiss Re America Holding Corp.

Western Continental Insurance Company of New York (Texas), New York. Effective Aug. 31, the name of the company was changed to CDC IXIS Financial Guaranty North America, Inc. The company was redomesticated from Texas to New York at that time.

Worldwide Direct Auto Insurance Co., Cincinnati. Effective May 27, the name of the company was changed to Response Worldwide Direct Auto Insurance Co.

Worldwide Insurance Co. (Cincinnati), Meriden, Conn. Effective May 27, the name of the company was changed to Response Worldwide Insurance Co.

New Companies

AssuranceAmerica Insurance Co. (South Carolina), Atlanta. The company was incorporated in South Carolina on Nov. 25, 2002, and commenced business on April 1.

California Insurance Co. (San Francisco), Omaha, Neb. The company, originally incorporated on Feb. 1, 1965, in California, was acquired by Applied Underwriters Inc. and commenced business on March 24.

The Castle Hill Insurance Co., Warwick, R.I. The company was incorporated and commenced business in Rhode Island on Oct. 17.

Contractors Insurance Company of North America Inc. A Risk Retention Group (Honolulu), Denver. The company was incorporated and commenced business in Hawaii on Feb. 27.

Contractors Liability Insurance Co. A Risk Retention Group, Las Vegas. The company was incorporated in Nevada on June 13 and commenced business on July 15.

Crum National Insurance Inc., Clearwater, Fla. The company was incorporated in Florida on Jan. 23 and commenced business on April 29.

Cypress Texas Lloyds (Texas),Jacksonville, Fla. The company was formed and began business on Feb. 13.

Encompass Insurance Company of New Jersey, Northbrook, Ill. The company was incorporated in Illinois on Feb. 20.

Florida Preferred Property Insurance Co., Tampa, Fla. The company was incorporated in Florida on Nov. 1,2002, and commenced business on March 1.

Global Liberty Insurance Company of New York, Astoria, N.Y. The company was incorporated in New York on June 5, 1999, and commenced business on March 1.

The Hanover New Jersey Insurance Co. (Bedford, N.H.),Worcester, Mass. The company was incorporated in New Hampshire on July 15 and commenced business on Aug. 1.

Island Premier Insurance Co. Ltd., Honolulu. The company was incorporated in Hawaii on March 11 and commenced business on July 10.

James River Insurance Co., Cincinnati. The company commenced business on June 30 subsequent to the purchase of the existing shell of Fidelity Excess and Surplus Lines Insurance Co.

Lion Insurance CO. ,Tarpon Springs, Fla. The company was originally incorporated in Florida on June 17, 1986. It was acquired as a shell and commenced business on April 29.

Nations Bonding Co. (Austin, Texas), Des Moines, Iowa. The company was incorporated in Texas on April 15.

New Jersey Physicians United Reciprocal Exchange, Princeton, N.J. The company, known as N.J. Pure, was incorporated and commenced business in New Jersey on Jan. 1.

Old Glory Insurance Co., Tyler, Texas. The company was incorporated in Texas on Feb. 21 and commenced business on April 10.

Physicians Professional Indemnity Association, Jefferson City, Mo. The company was incorporated and commenced business in Missouri on April 21.

Professional Security Insurance Co. (Phoenix), Atlanta. The company was incorporated in Arizona on July 15 and commenced business on Dec. 11.

Red Shield Surplus Insurance Co. (Phoenix), Seattle. The company was incorporated in Arizona on Feb. 19 and commenced business on May 30.

State Auto Florida Insurance Co. (Altamonte Springs, Fla.), Columbus, Ohio. The company was incorporated in the state of Florida on Dec. 18, 2001, and commenced business on Jan. 1.

Stonewood Insurance Co., Raleigh, N.C. The company was incorporated in North Carolina on Oct. 16 and commenced business on Nov. 3.

Acquisitions & Ownership Changes

American Agri-Business Insurance Co., Des Moines, Iowa. On June 30, the company was sold as a shell to ARMTech Holdings from American Feed Industry Insurance Company Risk Retention Group.

American Financial Group Inc., Cincinnati. On Feb. 12, Infinity Property and Casualty Corp., Birmingham, Ala., was created through a spin-off of American Financial Group Inc.'s nonstandard auto business produced through independent agents. The companies are:Atlanta Casualty, American Premier, Atlanta Reserve, Atlanta Specialty, Infinity Insurance, Infinity National, Infinity Select, Leader, Leader Preferred, Leader Specialty, TICO, Windsor, American Deposit, Coventry, Great American Contemporary, Regal and Great Texas County.

Arkwright Insurance Co. (Waltham, Mass.),Johnston, R.I. On Dec. 30, the company was sold as a shell to Coface North America Inc. The name was changed to Coface North America Insurance Co. on Jan. 1,2004.

California Insurance Co. (San Francisco), Chicago. On March 24, the company was sold to Applied Underwriters, Inc. from Coregis Group, Inc.

Chubb Corporate Solutions Insurance Co. (Indianapolis),Warren, N.J. On Oct. 28, Quanta Capital Holdings Ltd. acquired the company from Chubb Group.

Dakota Specialty Insurance Co. (Bismarck, N.D.), Stamford, Conn. On Sept. 5, the company was sold as a shell to Aspen Group and is directly owned by Aspen U.S. Holdings, Inc. Subsequently, the name was changed to Aspen Specialty Insurance Co.

DeSoto Prime Insurance Co., Tallahassee, Fla. On March 31, the company was sold to Tower Hill Capital Holdings from RenaissanceRe Group.

Discover Specialty Insurance Co. (Chicago), St. Paul, Minn. On Sept. 22, USF&G transferred all outstanding shares of the company to St. Paul Fire & Marine Insurance Co.

Fidelity Excess and Surplus Lines Insurance Co., Cincinnati. On June 30, the company was sold as a shell to James River Group, Inc.

First Community Insurance Co. (Katonah, N.Y.), St. Petersburg, Fla. On Jan. 3, the company was acquired by Fidelity National Financial Inc. from Bankers Insurance Group Inc.

GE Property & Casualty Insurance Co., Fort Washington, Pa. On Aug. 29, GE Property & Casualty Insurance Co. and its subsidiaries, GE Auto & Home Assurance Co., GE Casualty Insurance Co., GE Indemnity Insurance Co. and Bayside Casualty Insurance Co., were acquired by Lexington Insurance Co.

General Security Indemnity Co., New York. On Oct. 28, the company was acquired as a shell by Odyssey America Reinsurance Co. from SCOR Re. Subsequently, the name was changed to Hudson Specialty Insurance Co.

Gerling Canada Insurance Co., Toronto. On June 30, the German-owned Gerling Canada Insurance Co. was acquired by the Canadian holding company, GCAN Holdings. Subsequently, the name was changed to GCAN Insurance Co.

Gerling NCM Credit Insurance Inc., Baltimore. In Angust, the company was acquired by Atradius AG (Germany), part of the Swiss Re Group, from the Gerling Group.

Guarantee Insurance CO. (Claymont, Del.), Fort Mill, S.C. On Sept. 11, the company was sold to Brandywine Insurance Holdings Inc. The company redomesticated from Delaware to South Carolina at that time.

Imperial Casualty and Indemnity CO. (Oklahoma City), Dallas. On Dec. 31, the company was acquired by Providence Property and Casualty Insurance Co. from White Mountains Group.

Iowa American Insurance Co., De Witt, Iowa. On Nov. 26, the company and Iowa Mutual Insurance Co. became affiliated with Motorists Insurance Group.

Iowa Mutual Insurance Co., De Witt, Iowa. On Nov. 26, the company, along with Iowa American Insurance Co., became affiliated with Motorists Insurance Group.

Kemper Employers Insurance Co. (Chicago), Seattle. On Sept. 30, the company was acquired by SeaBright Insurance Holdings Inc.

Landmark American Insurance Co. (Oklahoma City), Charlotte, N.C. On Sept. 2, the company was sold as a shell to RSUI Indemnity Co.

Lexon Insurance Co. (Austin, Texas), Louisville, Ky. Effective July 1, Surety Acquisition Corp. acquired the company's parent, Lexon Holding Co., formerly Underwriters Indemnity Holdings, from RLI.

Lion Insurance Co. (Maitland, Fla.), New York. Effective April 29, the company was sold as a shell to Jamestown Holdings Corp. from Clarendon Insurance Group Inc.

Mid-State Surety Corp., Grosse Pointe Farms, Mich. On Jan. 1, the company was acquired by Guarantee Company of North America, Montreal, from an individual.

Motor Club of Iowa (Bettendorf, Iowa), Burnsville, Minn. Effective Jan. 1, Auto Club Insurance Association purchased 100% of the company from AAA Minnesota/Iowa.

National Farmers Union Standard Insurance Co., Aurora, Colo. On Dec. 19, the company was sold as a shell to Quanta U.S. Holdings, Inc.

PCA Property & Casualty Insurance Co., Oklahoma City. On Jan. 24, the company was sold as a shell from Folksamerica Re to Providence Holdings.

Penn Mutual Insurance Co. ,West Chester, Pa. Effective Jan. 1, the company was merged into Harleysville Mutual Insurance Co.

Phoenix Indemnity Insurance Co., Phoenix. On Jan. 27, the company was acquired by Hallmark Financial Services Inc., Dallas.

Prudential Commercial Insurance Co. (Wilmington, Del.), Boston. On Oct. 31, the company was acquired by Liberty Mutual Insurance Co.

Prudential General Insurance Co. (Wilmington, Del.), Boston. On Oct. 31, the company was acquired by Liberty Mutual Insurance Co.

Prudential Property & Casualty Insurance Co. (Indianapolis), Boston. On Oct. 31, the company was acquired by Liberty Mutual Insurance Co.

Prudential Property and Casualty New Jersey Group, Holmdel, N.J. On Nov. 1, the companies in Prudential Property and Casualty New Jersey Group, Prudential Property & Casualty Insurance Company of New Jersey, Prudential Commercial Insurance Company of New Jersey and Prudential General Insurance Company of New Jersey, were acquired by Palisades Safety & Insurance Association.

Republic Fire & Casualty Insurance Co. (Oklahoma City), Dallas. On Aug. 29, the company was sold from Republic Financial Services to an investor group.

Republic Lloyds, Dallas. On Aug. 29, the company was acquired by an investor group from Republic Financial Services.

Republic Underwriters Insurance Co., Dallas. On Aug. 29, the company and its subsidiaries, Republic Fire & Casualty Insurance Co., Republic Lloyds, Republic-Vanguard Insurance Co., Southern County Mutual Insurance Co., Southern Insurance Co., Southern Underwriters Insurance Co. and Southern Vanguard Insurance Co., were sold from Republic Financial Services to an investor group.

Republic-Vanguard Insurance Co. (Phoenix), Dallas. On Aug. 29, the company was sold from Republic Financial Services to an investor group.

Sequoia Insurance Co., Pleasanton, Calif. On March 31, the company was acquired by Strongwood Insurance Holding Co. from PICO Insurance Company of Ohio.

Sheffield Insurance Corp., Glenview, Ill. This shell company was acquired by AXIS Specialty U.S. Holdings, Inc. from Combined Specialty Insurance Co. on Feb. 28, with the effective date being Jan. 1.

Southern County Mutual Insurance Co., Dallas. On Aug. 29, the company was sold from Republic Financial Services to an investor group.

Southern Insurance Co., Dallas. On Aug. 29, the company was sold from Republic Financial Services to an investor group.

Southern Underwriters Insurance Co. (Oklahoma City), Dallas. On Aug. 29, the company was sold from Republic Financial Services to an investor group.

Southern Vanguard Insurance Co., Dallas. On Aug. 29, the company was sold from Republic Financial Services to an investor group.

Sublimity Insurance Co., Sublimity, Ore. On May 23, the company was acquired by United Heritage Financial Group, Inc.

Titan Indemnity Co., San Antonio. On Aug. 1, Nationwide Mutual Insurance Co. acquired THI Holdings (Delaware) Inc. and its subsidiaries, Titan Indemnity Co., Titan Insurance Co., Victoria Fire & Casualty Co., Victoria Automobile Insurance Co., Victoria National Insurance Co., Victoria Select Insurance Co. and Victoria Specialty Insurance Co., from the Prudential group.

Titan Insurance Co., Troy, Mich. On Aug. 1, Nationwide Mutual Insurance Co. acquired the company from the Prudential group.

Tyvola Insurance Co., Atlanta. On May 31, the company was acquired by Builders Insurance Group Inc.

Underwriters Reinsurance Co. (Manchester, N.H.),Armonk, N.Y. On July 1, Alleghany Insurance Holdings LLC acquired the shell of the company from Swiss Re.

Victoria Automobile Insurance Co. (Indianapolis), Cleveland. Effective Aug. 1, Nationwide Mutual Insurance Co. acquired THI Holdings (Delaware) Inc. and its subsidiaries from the Prudential group.

Victoria Fire & Casualty Co. (Indianapolis), Cleveland. On Aug. 1, Nationwide Mutual Insurance Co. acquired the company from the Prudential group.

Victoria National Insurance Co., Cleveland. Effective Aug. 1, Nationwide Mutual Insurance Co. acquired THI Holdings (Delaware) Inc. and its subsidiaries from the Prudential group.

Victoria Select Insurance Co., Cleveland. Effective Aug. 1, Nationwide Mutual Insurance Co. acquired THI Holdings (Delaware) Inc. and its subsidiaries from the Prudential group.

Victoria Specialty Insurance Co., Cleveland. Effective Aug. 1, Nationwide Mutual Insurance Co. acquired THI Holdings (Delaware) Inc. and its subsidiaries from the Prudential group.

Voyageurs Insurance Co., Burnsville, Minn. Effective Jan. 1, Auto Club Insurance Association purchased 100% interest in the company from AAA Minnesota/Iowa.

Western Continental Insurance Co. (Houston), New York. On Feb. 25, the company was sold as a shell to CDC IXIS Financial Guaranty North America, Inc.

Western Diversified Casualty Insurance Co. (Madison, Wis.), New York. On June 23, the company was acquired by Arch Insurance Group, Inc. from Protective Life Insurance Co.

Worldwide Direct Automobile Insurance Co., Cincinnati. On April 25, the company was acquired by Warner Insurance Co., which is owned by Direct Response Corp.

Worldwide Insurance Co. (Columbus, Ohio), Meriden, Conn. On April 25, the company was acquired by Response Insurance Co., which is owned by Direct Response Corp.

State Actions

American National Lawyers Insurance Reciprocal Risk Retention Group (Nashville, Tenn.), Glen Allen, Va. On Jan. 29, the company was placed under state supervision by the Tennessee Department of Insurance. Effective Jan. 31, it was placed in receivership. On May 28, the company was found insolvent and ordered into liquidation.

Colorado Western Insurance Co., Wheat Ridge, Colo., During 2003 the company discontinued writing direct business.

Commercial Casualty Insurance Company of North Carolina (Charlotte, N.C.), Norcross, Ga. On Nov. 17, the company was placed in rehabilitation by the North Carolina Department of Insurance.

Doctors Insurance Reciprocal Risk Retention Group (Nashville, Tenn.), Glen Allen, Va. On Jan. 29, the company was placed under state supervision by the Tennessee Department of Insurance. Effective Jan. 31, it was placed in receivership. On May 28, the company was found to be insolvent and ordered into liquidation.

Empire Lloyds Insurance Co., Houston. On Dec. 30, 2002, the company was placed in temporary receivership by the Texas Department of Insurance. Effective Feb. 11, it was placed in permanent receivership.

Exchange Insurance Co., Nashville, Tenn. Effective Dec. 17, the company was placed in rehabilitation by the state of Tennessee.

Farmers Mutual Insurance Co. (West Virginia), Fairmont, W.Va. Effective April 15, the company was placed under state supervision by the West Virginia Department of Insurance.

Fremont Indemnity Co., Glendale, Calif. Effective June 4, in the Superior Court of the State of California for the County of Los Angeles, the California insurance commissioner was granted an order of conservation.

Gallant Insurance Co., Park Ridge, Ill. Effective Feb. 25, 2002, the company was placed in conservatorship by the Illinois Department of Insurance. It was placed in liquidation on March 27.

GreatLand Insurance Co. (Columbus, Ohio), Long Grove, Ill. On July 10, the company received permission to dissolve from the Ohio Department of Insurance.

Home Insurance Co. (Manchester, N.H.), New York. The company was placed under state supervision on March 3, 1997. An order of rehabilitation was obtained by the insurance commissioner on March 5. On June 13, the company was declared insolvent and placed in liquidation by the Superior Court of Merrimack County, N.H.

Houston General Lloyds (Dallas), Boston. On July 21, the company was dissolved. All liabilities were assumed by the parent, Houston General Insurance Co.

Insurance Company of Ohio, Columbus, Ohio. On Oct. 1,2002, the company and its parent, Meridian Security Insurance Co., entered into an assumption reinsurance agreement and ICO was to be dissolved. On Dec. 23, 2002, the Ohio Department of Insurance approved the dissolution. On Jan. 1 O, the certificate of dissolution, effective Jan. 15, was filed with the state.

Kemper Commercial Insurance Co., Long Grove, Ill. As of Aug. 30, the company was in the process of being dissolved.

Kemper Comprehensive Insurance Co., Long Grove, Ill. As of August, the company was in the process of being dissolved.

Kemper Safeguard Surplus Insurance Co., Long Grove, Ill. In March, the company terminated its operations and returned the remaining capital to its ultimate parent, Lumbermens Mutual Casualty Co.

Legion Indemnity Co. (Chicago), Philadelphia. Effective April 1,2002, the company was placed under an order of conservation by the state of Illinois. On April 9, the company was placed in liquidation.

Legion Insurance Co., Philadelphia. On April 1, 2002, the company entered into voluntary rehabilitation in the state of Pennsylvania. On July 25, 2003, an order of liquidation was issued.

Licensed Beverage Insurance Exchange, Princeton, N.J. A consent order was issued on May 29, 2001, to dissolve the company. The action was completed during 2003.

Long Grove Insurance Co., Long Grove, Ill. In March, the company terminated its operations.

MasterCare Insurance Co., Clark, NJ. The company was placed in rehabilitation by the New Jersey Department of Insurance on Sept. 10, 2002. It was placed in liquidation on July 14.

Midwest Casualty Insurance Co. (Bismarck, N.D.), Fort Worth, Texas. Effective March 31, the business of Midwest Casualty was assumed by General Agents Insurance Company of America. Midwest Casualty was then dissolved.

Millers Insurance Co., Fort Worth, Texas. On March 13, the company was placed in temporary receivership. Effective March 24, the receivership was made permanent and the company was liquidated.

Munich Reinsurance Co. (Canadian Branch), Toronto. On Dec. 31, the branch was closed.

Narragansett Bay Insurance Co., Pawtucket, R.I. On May 1, the company was placed in rehabilitation by the Rhode Island Department of Insurance.

National Warranty Insurance Risk Retention Group, George Town, Cayman Islands. On Aug. 1, the company was placed in liquidation by the Grand Cayman Court, Grand Cayman Island.

Pacific National Insurance Co. (Woodland Hills, Calif.), Lawrenceville, N.J. Effective Feb. 22, 2002, Highlands Insurance Co. and all of its subsidiaries and affiliates were placed under state supervision by the Texas Department of Insurance. On Aug. 5, Pacific National was placed in liquidation.

Patterson Insurance Co., Bossier City, La. Effective March 17, an order of liquidation was issued by the Louisiana Department of Insurance.

Pawtucket Mutual Insurance Co., Pawtucket, R.I. Effective May 1, the company was placed in rehabilitation by the Rhode Island Department of Insurance.

The Reciprocal Alliance (Risk Retention Group) (Nashville, Tenn.), Glen Allen, Va. On Jan. 29, the company was placed under state supervision by the state of Tennessee. Effective Jan. 31, it was placed in receivership. On May 28, the company was found insolvent and ordered into liquidation.

Reciprocal of America, Richmond, Va. Effective Jan. 29, the company was placed in receivership by the Circuit Court of the City of Richmond, Va. On June 19, the state of Virginia found the company to be insolvent and placed it into liquidation.

Republic Western Insurance Co., Phoenix. Effective May 20, the company was placed under state supervision by the Arizona Department of Insurance.

RidgeLand Insurance Co. (Columbus, Ohio), Long Grove, Ill. On July 20, the company received permission to dissolve from the Ohio Department of Insurance.

Security Indemnity Insurance Co., Neptune, N.J., During the first quarter, the company was placed under state supervision by the New Jersey Department of Insurance. On June 27, the company was placed in rehabilitation.

Superior American Insurance Co. (Tampa, Fla.), Atlanta. On Aug. 29, the company was placed into receivership for the purpose of rehabilitation by the Leon County, Fla., Second Judicial Circuit Court.

Superior Guaranty Insurance CO. (Tampa, Fla.), Atlanta. On Aug. 29, the company was placed into receivership for the purpose of rehabilitation by the Leon County, Fla., Second Judicial Circuit Court.

Superior Insurance Co. (Tampa, Fla.), Atlanta. On Aug. 29, the company was placed into receivership for the purpose of rehabilitation by the Leon County, Fla., Second Judicial Circuit Court.

Timberland States Insurance Co., Beaverton, Ore. On May 5, the company was dissolved.

US International Reinsurance Co. (Manchester, N.H.), New York. The company was placed under state supervision on March 3, 1997. An order of rehabilitation was obtained by the insurance commissioner on March 5. On June 13, the company was declared insolvent and placed in liquidation by the Superior Court of Merrimack County, N.H.

Valor Insurance Co., New Bedford, Ill., An order of conservation was issued on Feb. 25, 2002. Effective March 27, the company was placed in liquidation by the Illinois Department of Insurance.

Villanova Insurance Co., Philadelphia. Effective April 1, 2002, the company entered into voluntary rehabilitation in the state of Pennsylvania. On July 25, an order of liquidation was issued.

Wasatch Crest Mutual Insurance Co., Salt Lake City. Effective July 11, the company was placed under state supervision by the Utah Department of Insurance. On July 31, it was placed in liquidation.

Washington Casualty Co., Bellevue, Wash. Effective March 6, the state of Washington assumed control of the company for the purpose of rehabilitation.

Westwood Indemnity Co. (Phoenix), Lakewood, Colo. The company was dissolved by order filed by the Arizona Department of Insurance on Dec. 30.

White Hail Mutual Insurance Co., Doylestown, Pa. Effective April 10, the company was placed in liquidation by the Pennsylvania Insurance Department.
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Title Annotation:Property/casualty: regulatory/law
Publication:Best's Review
Geographic Code:1USA
Date:Jul 1, 2004
Words:5948
Previous Article:Corporate changes.
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