Reciprocal of America Car Insurance Review [2020]

Reciprocal of America car insurance liquidated in 2003 and no longer sells insurance. If you are searching for car insurance, enter your ZIP code to compare online quotes for free.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 27, 2021

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Company Details
Address: 11401 Century Oaks Terrace Suite 310
City: Austin
State: TX
ZIP Code: 78758
Phone Number: 800-284-8847
Year Founded: 1977
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Reciprocal of America Reinsurance Company is being liquidated
  • Reciprocal of America provided reinsurance to three insurance companies
  • Those three companies dissolved after the fall of Reciprocal of America Reinsurance Company

This car insurance review turns up a company that is liquidating its assets. This company became a corporation in 1977 while selling property and casualty insurance policies.

The central location was Glen Allen, Virginia in metropolitan Richmond.

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Learning More About Reciprocal of America

It was determined by the state of Virginia that the three affiliated companies, The Reciprocal Group, were no longer solvent.

Therefore, it was placed in Receivership status by the Circuit Court of The City of Richmond in January of 2003.

It was handled by the State Corporation Commission and was eventually moved to liquidation status by June of the same year.

Three companies that reinsured their business through Reciprocal of America Reinsurance Company were:

  • American National Lawyers Reciprocal
  • The Reciprocal Alliance
  • The Doctors Insurance Reciprocal

An online insurance journal issued an article noting May 16, 2011, as the deadline for any outstanding and unresolved claims against these Tennessee companies.

The Tennessee companies dissolved after the fall of Reciprocal of America.

The dissolution of the companies was sudden and amidst scandalous allegations of lack of disclosure by Reciprocal of America.

The three Tennessee companies filed their own claims against ROA that were dismissed by a judge due to their relationship with ROA.

The companies were not entitled to file claims against ROA because they were not subscribers, but instead, they were reinsurance partners.

Therefore, the three Tennessee companies will not be able to recover their losses.

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