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Reciprocal Of America Declared Insolvent (access required)

Reciprocal of America, once a dominant hospital insurer and the reinsurance backbone of Virginia's largest legal malpractice carrier, has been declared insolvent by the State Corporation Commission. The declaration on June 20 immediately triggered activation of state guaranty fund associations in the states where ROA sold policies — including Virginia. The guaranty funds are financed through ...

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