What we know about the deadly Bristol West Insurance incident
— Bristol West Insurance has confirmed that it is suspending its business in Connecticut and will take legal action to get the reinsurance company back into the state.
The news was first reported by The Hartford Courant on Tuesday.
West Insurance said in a statement Tuesday that it had reached out to its insurance partner, Connecticut-based Westland Insurance, but that talks have been unsuccessful.
Westland is the largest insurance provider in the state, with more than 100,000 policies.
It had already announced its departure from the state of Connecticut in January.
West’s insurance partner had a similar announcement last month.
The company said in March that it was closing its insurance business in the U.S. and would move to Canada.
West Insurance, which has more than 300,000 insured policies, was based in the southeastern part of the state and was once the largest insurer in Connecticut.
Its insurance business had been the subject of a recent class action lawsuit filed in U.K. court by the company’s former employees, many of whom claim they were discriminated against.
West also announced in March its decision to exit the U,U.K., and Ireland markets.
West was one of the companies involved in a class action suit filed in the UK in 2015, alleging that the company had discriminated against its former employees in the country.
The lawsuit was later dropped.
The Hartford-based insurer was founded in 1879 in the British village of Bristol.
It is the second-largest insurer in the United Kingdom, with nearly 70,000 customers.
West has said in the past that it would be leaving Connecticut if the state does not expand Medicaid, which allows children to stay in private hospitals and health care facilities with limited or no insurance coverage.
West ended its reinsurance business in 2018.
It’s also a member of the National Association of Insurance Commissioners.
West is the third largest insurer, with about 12,000 policyholders in the Hartford area.
WestInsurance said in May it would discontinue the reinsuring business in Massachusetts in 2019 and would not renew insurance policies in the next six months.
Westinsurance did not say whether it was going to seek reimbursement from the federal government.
West says in its statement Tuesday, “Westland is a leading global reinsurer and insurance partner for the United States.
It continues to invest in Connecticut, which we believe is the safest and most affordable place to operate in the world.
West will be re-launching as a new company as soon as the legal process moves forward.”
West said in its announcement that it will work with the Insurance Commissioner’s Office and other state and local agencies to provide coverage for those affected by this tragic incident.
Westland Insurance was founded by two former West End students and their parents in 1885.
In an interview with the Hartford Courants in 2016, the group said it was established to “protect the interests of our customers.”
West was founded as a family-owned company in 1889, with an annual turnover of about $100 million.
It has approximately 13,000 insurance policies.
West insurance was not included in the lawsuit filed by the former employees who alleged they were treated unfairly and that the insurer discriminated against them because they were female.
Read more about the Connecticut insurance crisis:West Insurance is not the only insurer that has left Connecticut.
A U.N. agency announced last month that it has begun a review of the Connecticut market.
The U.n. agency said in April that it plans to release a report on its review, which will examine “the extent to which insurers have taken steps to mitigate the adverse impact of this recent market event on the state’s insurance market.”