Only 3 U.S. life insurers failed in 2004.[@@]
U.S. regulators put 5 life insurers under supervision in 2003 and 3 under supervision in 2002, according to a report published by analysts at Standard & Poor’s Ratings Services, New York.
The companies that failed in 2004 were National Health Insurance Company, Dallas; Life & Health Insurance Company of America, Philadelphia; and Acadian Life Insurance Company, Baton Rouge, La.
When the S&P analysts looked at health insurers, they found that 3 failed in 2004, 3 failed in 2003, and 8 failed in 2002.