Severe convective storms push two more carriers into liquidation
Missouri-based Cameron Mutual and Arkansas-based United Home Insurance Company were placed into court-ordered liquidation this week after struggling to pay claims from 2023’s severe convective storms (SCS), according to announcements yesterday from the respective state departments of insurance.
Cameron Mutual, which writes home and auto, commercial and farm policies in Missouri, experienced significant losses during 2023, causing a “rapid” reduction in policyholder surplus to $3.4mn
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