Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Oct 8, 2020

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It’s all about you. We want to help you make the right car insurance coverage choices.

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Key takeaways...

  • Casualty Reciprocal Exchange was liquidated and is no longer in business
  • Always research a company’s financial stability before making a final decision
  • Companies such as AM Best, Standard and Poor’s, and Wiess Research give companies a letter grade based on how financially stable they are

This review will go over the reasons why you do not want to, and cannot choose them, for your car insurance needs. In general, this car insurance company is no longer in business.

Recently, Casualty Reciprocal Exchange was liquidated. The reason for this is because they owed more money than they had available and were unable to continue as a car insurance business.

If you are looking for a car insurance company that is stable and in your area, just enter your zip code above and you can compare car insurance quotes at the top of this page for a variety of companies!

What happened to Casualty Reciprocal Exchange?

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The biggest lesson to learn from the fall of Casualty Reciprocal Exchange is to check out the financial background of any insurance company before deciding to purchase a policy from them.

There are companies that research and study the financial stability of an insurance company and rate them. Companies such as AM Best, Standard and Poor’s, and Wiess Research give companies a letter grade based on how financially stable they are.

A company with an A-, A, or A+ will more than likely be financially stable and solvent for many years.

This is important in terms of claims filing and payments. If you file a claim and there is not enough money, you will not get paid.

To find a stable insurance company, just enter your zip code below and you will have a variety of companies to compare car insurance quotes from, today!