Liquidation of Wisconsin Reinsurance Corporation and 1st Auto & Casualty Insurance Company

​​​​​​​​​​​​​​​​​​​​​​​​​Last Updated: February 19, 2024

Information Regarding the Liquidation of Wisconsin Reinsurance Corporation and 1st Auto & Casualty Insurance Company

WRC NAIC#: 30260

1st Auto NAIC#: 44725

Liquidation Dates

  • Liquidation Petition Filed: ​November 1, 2023
  • Objection Period Ends: December 5, 2023
  • Liquidation Order Entered: January 2, 2024
  • Liquidation Effective Date: January 1, 2024
  • Bar Date and Due Date of Proof of Claim Forms: July 1, 2024

Authorized Lines of Business

WRC 1st Auto
AircraftAircraft
AutomobileAutomobile
Fire, Inland Marine and Other Property InsuranceFire, Inland Marine and Other Property Insurance
Liability and Incidental Medical Expense Insurance (other than automobile)Liability and Incidental Medical Expense Insurance (other than automobile)
 Miscellaneous
 Workers Compensation Insurance


​Licensed States

When Wisconsin Reinsurance Corporation was actively writing business it was licensed or qualified as a reinsurer in Arkansas, Illinois, Indiana, Iowa, Missouri, Montana, North Dakota, South Dakota, and Wisconsin.

When 1st Auto was actively writing business it was licensed in Arkansas, Illinois, Iowa, Missouri, South Dakota, and Wisconsin.

Contact Information

Questions regarding the liquidation can be emailed to jschrader@noblecon.net, or you may call (800) 939-9473 for WRC, or (800) 261-2886 for 1st Auto.

All completed, signed Proof of Claim Forms and supporting documentation may be submitted by mail or email as follows:​

​​WRC
1st Auto

Wisconsin Reinsurance Corporation, in Liquidation
Attn: Justin Schrader, Special Deputy Liquidator
2810 City View Drive
Madison, WI 53718
Fax: (608) 242-4514​
Email: wrcproofofclaim@thewrcgroup.com

​1st Auto & Casualty Insurance Company, in Liquidation
Attn: Justin Schrader, Special Deputy Liquidator
2810 City View Drive
Madison, WI 53718
Fax: (608) 242-4514​
Email: 1stautoproofofclaim@1stauto.com




Liquidation Documents​


Liquidation Notices




Court Filings


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Financial Statements

The financial statements listed below are as filed with the Office of the Commissioner of Insurance.


Period Ending
WRC
1st Auto
June 3​0, 2023
Quarter 2 2023
Quarter 2 2023
September​ 3​0, 2023
Quarter 3 2023 
Quarter 3 2023
​​

Agent Information



Brief History

Wisconsin Reinsurance Corporation (WRC) is a property and casualty reinsurance company whose clients are mutual insurance companies located in Wisconsin, Arkansas, Illinois, Iowa, Missouri, and South Dakota. In Wisconsin, WRC is the reinsurer for 34 of Wisconsin's 44 town mutual insurers.

As part of WRC, 1st Auto & Casualty Insurance Company (1st Auto) offers direct coverage for personal auto, business auto, and personal/farm umbrella.

Many Wisconsin insurers, including WRC, experienced higher-than-expected losses in 2022 as severe storm events damaged property across the state. By the end of that year, WRC and 1st Auto reported that they did not have the financial stability to continue operating and meeting their obligations in the foreseeable future.

In 2023, efforts to find additional capital to stabilize their financial position did not materialize for WRC and 1st Auto. Both have indicated that their financial position has continued to deteriorate.

Due to these developments, the Office of the Commissioner of Insurance determined it was appropriate to take action to protect 1st Auto's policyholders and town mutual insurers who get reinsurance from WRC by controlling the remaining assets of the company through the rehabilitation process.

On May 23, 2023, the Wisconsin Office of the Commissioner of Insurance petitioned to put WRC and 1st Auto into rehabilitation. 

For information and filings made during rehabilitation, please see WRC and 1st Auto Rehabilitation.​​