South Carolina regulator seeks takeover over A-CAP high-risk debt exposure
WSJ reports South Carolina’s insurance regulator filed a petition to place an Atlantic Coast insurer run by Advantage Capital Holdings into receivership, alleging exposure to outsize high-risk investments.
Insurers run by Advantage Capital Holdings are facing an emergency takeover attempt by the South Carolina insurance regulator over allegations they exposed policyholders to outsized high-risk investments. South Carolina’s insurance regulator filed a petition Tuesday seeking to place Atlantic Coast …