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

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Last Updated: November 15, 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

​
​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 1^st 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:​

Liquidation Documents​

• Frequently Asked Questions​​​
  

• Frequently Asked Questions - WRC Specific​
  

• Proof of Claim Form
  

• ​​​WRC Proof of Claim Instructions
  
• WRC Proof of Claim
  
• 1st Auto Proof of Claim Instructions
  
• 1st Auto Proof of Claim​
  

• Wisconsin Insurance Security Fund (WISF) FAQ​

• Legislators​
  ​
  

• Petition for Order to Terminate Rehabilitation and for Order For Liquidation​​
  

• Proposed Order Approving Liquidation​
  

• Notice of Hearing
  

• Proof of Publication - Wisconsin State Journal
  

• Proof of Publication - USA Today​
  

• Order Approving Liquidation​
  

• Notice of Appearance (Husch Blackwell for Wisconsin Insurance Security Fund)
  

• Application for Injunctive Order
  

• Affidavit in Support of Application for Injunctive Order
  

• Letter to Court from Paul Cranley of Husch Blackwell
  

• Proposed Order for Permanent Injunctions
  

• Order for Permanent Injunctions
  

• Notice of Motion and Motion to Approve Early Access Agreements
  

• Proposed Order Approving Early Access Agreements​
  

• Proof of Publication Wisconsin State Journal
  

• Proof of Publication USA Today​
  

• Order Approving Early Access Agreements​
  

• Affidavit of Mailing​
  

• List of Insurer Assets (WRC and 1st Auto)​​
  

• Notice of Motion and Motion for Leave to File Under Seal
  

• Proposed Order Granting Leave to File Under Seal​
  

• Order Granting Leave to File under Seal
  

• Notice of Motion to Approve Commutation
  

• Exhibit A - Commutation and Release Agreement (Sealed)
  

• Proposed Order Approving Commutation​
  

• Order Approving Commutation​
  

• Objection to Liquidator's Denial of Claim
  

• Notice Regarding Record Retention Authorization
  

• Liquidator's Report Regarding Claims​
  

• Jason Fogg Objection
  

• ​Objection to Liquidator's Denial of Claim
  
• Liquidator's Response to Objection to Liquidator's Denial of Claim
• Declaration of Justin Schrader​
  

Financial Statements

Agent Information

• ​​Agent Outreach Presentation Slides​
  
  

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, 1^st Auto & Casualty Insurance Company (1^st 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 1^st 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 1^st 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 1^st 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 1^st Auto into rehabilitation. 

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