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What Matters for Policyholders in the Bedivere Liquidation


Wednesday, April 7, 2021
The Bedivere Insurance Company, formerly known as OneBeacon Insurance Company, was placed into liquidation on March 11, 2021.  Once writing commercial, workers’ compensation, and automobile liability insurance policies nationwide, the company had stopped writing most new or renewal business over a decade ago.  As a Pennsylvania-domiciled insurance company, the Pennsylvania Commonwealth Court will oversee the Bedivere liquidation.
Bedivere’s liquidation follows the Pennsylvania Insurance Department’s December 2020 approval of the merger of The Employers Fire Insurance Company, Lamorak Insurance Company, and Potomac Insurance Company with and into the Bedivere Insurance Company.  Lamorak was formerly known as OneBeacon American Insurance Company, Commercial Union Insurance Company, and Employers Commercial Union Insurance Company.  Among other liabilities, Bedivere holds the other historic environmental and asbestos liability cove ....

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Strength Through the Storms and Through the Years - Demotech Rated Carriers


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COLUMBUS, Ohio, March 12, 2021 /PRNewswire/  Given the impact of the extraordinary number of natural disasters in 2017, Demotech published a special issue of The Demotech Difference to discuss the impact of disasters on the industry.  Strength Through the Storm focused on promises made and promises kept, featuring the resiliency of Demotech rated carriers. An electronic copy is at: www.demotech.com/pdfs/demotech difference/flexpaper/Strength Through The Storm/index.html.
As bad as 2017 was, the natural disasters that property insurers faced in 2018, 2019, and 2020 made 2017 look like a walk in the park.  The six more infamous events of 2018 were the Montecito mudslides, Camp Fire and Woolsey Fire in California, Hurricane Florence, Hurricane Michael, and the flooding in Ellicott City, Maryland. ....

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