A Texas-based insurance company that is being liquidated could leave as many 42,785 Pennsylvania drivers without coverage.
The Pennsylvania Insurance Department recently warned customers of Access Insurance Company that the Texas Insurance Department determined the auto insurer to be insolvent and liquidation had begun. The company’s policies will terminate at 11:59 p.m. Thursday.
Until the deadline late Thursday night, Access Insurance Company will continue to provide auto insurance coverage for customers. Any claims filed during liquidation will be paid through the Pennsylvania Property and Casualty Insurance Guaranty Association.
“Pre-paid premiums will be refunded to policyholders as soon as practical. Policyholders do not need to take any action to receive refunds,” Pennsylvania Insurance Commissioner Jessica Altman said.
Consumers with questions can call the Pennsylvania Insurance Department Consumer Services Bureau at 1-877-881-6388, or use the link on the department’s homepage, www.insurance.pa.gov, to ask a question.