Wisconsin Judge OKs Rehab Plan For Reinsurer Of Town Mutual Insurers

(August 4, 2023, 7:43 AM EDT) -- MADISON, Wis. — A Wisconsin judge has approved a rehabilitation plan for Wisconsin Reinsurance Corp. and its subsidiary 1st Auto & Casualty Insurance Co. that will, among other things, “re-mutualize” Wisconsin Re, establish a reinsurance pool for town mutual insurers that Wisconsin Re would administer and narrow 1st Auto’s focus....