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Failed Hawaii insurer liquidated
Monday, December 28, 2009
The Hawaii Insurance Division has completed its shut down of the failed insurer, HIH America Insurance Co. of Hawaii, which specialized in workers’ compensation.

The state seized control of the company’s operations in March 2001 — after financial problems jeopardized the insurer’s ability to pay claims and vendors leaving it insolvent — and took it into liquidation later that May.


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