Why is Western General Insurance closing?

WGIC was placed into liquidation by the Court and now operates under the authority of the California Insurance Commissioner as liquidator because the company was unable to meet its financial obligations as they became due and was found to be operating in a hazardous financial condition.

Is Western General Insurance closing?

On August 5, 2021, Western General was ordered to liquidate by the State of California Superior Court. Western General is not able to offer renewals or new policies on this coverage program, and active policies will be cancelled by September 4, 2021.

Who owns Western General Insurance Company?

Western General is 91.8 percent owned by Western General Holding Company (WGHC), a California corporation, which is in turn 51.1% owned by Mr. Robert M. Ehrlich and Ms. Laurel B.

How do I cancel my Western General Insurance?

Contact us directly at 800-758-3311 and we will mail or fax you replacements. How do I cancel my policy? Please contact your Producer directly.

Is Western general going out of business 2021?

Western General Insurance Company (“Western General”) was found to be insolvent and placed into liquidation by a California court on August 5, 2021.

What happens when an insurance company is liquidated?

“Liquidation” is the process whereby the Commissioner, upon a Superior Court’s order, terminates an insurance company’s insurance business by canceling all insurance policies and by not issuing any new or renewal policies.

What does the Conservation and Liquidation Office do?

The Conservation and Liquidation Office (CLO) recognizes the rights of claimants to assign their approved claims. The CLO is obliged to ensure that assignments are valid and that the processing of assignments does not create an undue burden on estate resources.

What is CaClO?

Calcium;hypochlorite | CaClO+ – PubChem.

Is Western General in liquidation?

What is a proof of claim from Conservation and Liquidation Office?

Why did I receive a letter from Conservation and Liquidation Office?

There are many different reasons, but the most common is that the company is in financial trouble such that its further transaction of business would be hazardous to its policyholders, or creditors, or to the public.