A new AM Best report surveyed 13 insurers that became “impaired” in 2023. Ten of them went into insolvent liquation.

Catastrophe losses, exorbitant auto accident costs, adverse loss-reserve development, mismanagement and insufficient profits were top reasons these property and casualty insurance carriers struggled to stay afloat in 2023, according to AM Best.

Of the 13 “impairments,” 10 carriers have since become insolvent and faced liquidation. The slideshow above illustrates those 10 recently liquidated insurers, as reported by AM Best.

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