Missouri Department of Commerce and Insurance: Cameron Mutual Insurance Company Placed Into Liquidation
A copy of the Final Judgment, Decree, and Order of Liquidation ("Liquidation Order") will be posted when it becomes available from the Court at insurance.mo.gov/companies/receiv.php.
When an insurance company is impaired, in unsound financial condition, or its further transaction of insurance business would be hazardous to its policyholders,
* Policies will terminate within 30 days of the effective date of the liquidation order.
* Notice of the liquidation order, policy termination, and the claims procedures will be provided to all policyholders and other known creditors by
* The liquidator will marshal the assets of the insurer and wind down its operations.
* Claims will be paid in accordance with
Cameron Mutual provides property and casualty insurance, and its lines of business include personal (primarily homeowners and auto coverage), commercial, and farm. Cameron Mutual experienced significant losses during 2023 which caused a rapid reduction in Cameron Mutual's policyholder surplus. Cameron Mutual's surplus dropped from
The company was placed under Administrative Supervision on
Cameron National is not part of the Liquidation Order and will remain in rehabilitation.
DCI is charged with protecting
* * *
Original text here: https://insurance.mo.gov/news/newsitem/uuid/87b324e4-5f7d-4d57-981b-4509ea33df20
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