Insolvent Insurance Companies
When an insurance company goes out of business, it doesn’t declare bankruptcy. Instead, a court issues an order of liquidation with a finding of insolvency, which is why failed insurance companies are sometimes called “liquidations” or “insolvencies.” As the chart below shows, insurance company failures are rare.
Number of Liquidations Involving NOLHGA (1988-2023)
Below is a partial list of failed insurance companies since NOLHGA’s creation in 1983. The list includes insolvencies as well as what are known as “impaired” companies (companies that were taken over by a state insurance department but were not placed in liquidation—also known as companies in rehabilitation). Click on the company name for more information.
Insolvency search
The list above only includes cases in which NOLHGA has participated—NOLHGA usually becomes involved when policyholders in more than three states are affected by a company’s failure. To search for a smaller insolvency, click below.
Additional Research
If you are interested in a company that does not appear on either list, please contact your state life and health insurance guaranty association or insurance department.
Unknown policies?
If you are not sure if a deceased family member had any insurance policies, the National Association of Insurance Commissioners (NAIC) website offers a Life Insurance Policy Locator Service for help in locating life insurance policies and annuity contracts.
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