Tag Archives: Reinsurance

Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues

Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues

Two weeks after South Carolina’s insurance regulator took steps to place Atlantic Coast Life Insurance into rehabilitation, another state’s commissioner has suspended the company amid concerns about its finances. “In making the decision to suspend Atlantic Coast’s COA (certificate of authority), the Office determined that Atlantic Coast is impaired and that another insurance supervisory official, …