In what would be the largest liquidation of a U.S. insurance company in more than half a decade, Pennsylvania’s insurance commissioner is seeking to dissolve long-troubled Penn Treaty, according to …  Read →

Citing the need to treat policyholders fairly, Pennsylvania’s insurance commissioner has petitioned that the Penn Treaty Network America Co. and its subsidiary, American Network Insurance Co., be liquidated.

A.M. Best has complied with a request from company management of American Independent Network Insurance Co. of New York to be removed from its ratings process.

The ratings service has assigned …  Read →

A prospective buyer of an insurance subsidiary of Penn Treaty American Corp. has failed to complete the deal during its exclusivity period, the insurer said.

As a result, the Allentown, Pa.-based …  Read →