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

​​​​​​​​​​Last Updated: August 18, 2023


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.

Frequently Asked Questions

WRC NAIC#: 30260

1st Auto NAIC#: 44725

Filing Date of Petition for Order for Rehabilitation: May 23, 2023

​Date of Signed Rehabilitation Order: June 21, 2023

Rehabilitation Plan Framework

Rehabilitation Court Documents

Financial Statements

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

​Period Ending 
​1st Auto
​June 30, 2023

Rehabilitation Notifications