The Commonwealth Court approved the Pennsylvania Insurance Department’s petition to liquidate a Villanova, Pa.-based bond and surety company that experienced a “steep” drop in surplus.

Nearly 46,000 Pennsylvanians enrolled in adultBasic may lose health insurance next year if the state’s four Blue Cross/Blue Shield insurers do not renew a state agreement, according to two nonprofit organization’s analysis.

The Maryland Insurance Administration has ordered the end of new and renewal business for an Oklahoma insurer recently ordered into liquidation.

The American Insurance Association is giving Maryland lawmakers a mixed assessment of the recently completed 2010 General Assembly session.

Two property-casualty insurers, who recently stopped writing business in Virginia, had their certificates to operate in Arkansas suspended by regulators, citing their negative surplus balance.

North Carolina Mutual Life Insurance has announced it will stop selling policies in Virginia, three months after Virginia’s State Corporation Commission said it might suspend the company’s license due to financial issues.

Noting the company’s diversified business profile, large excess surplus and solid-risk adjusted capitalization, A.M. Best has affirmed the ratings of The Penn Mutual Life Insurance Co. and its Delaware-based subsidiary.

Private U.S. property-casualty insurers saw a partial rebound in their net income after taxes for the first nine months of last year when compared to 2008, but still lagged when compared with 2007.

A Durham, N.C.-based insurance company could have its license to sell insurance in Virginia suspended if it cannot improve its financial condition.

Citing negative capital and surplus levels for two of its insurance companies in the third quarter 2009, A.M. Best has downgraded the ratings of MVP Health Care, Inc.’s insurance subsidiaries.