On May 26, 2021 the Insurance Commissioner was appointed Conservator of Western General Insurance Company ("WGIC") by the California Superior Court for the County of Los Angeles. After months of effort to seek a buyer for the company or its book of business with no acceptable proposal received to date, the Commissioner deemed the company to be operating in a hazardous financial condition and sought statutory protection of WGIC through a consensual conservation of the company. Over the next 30 to 45 days the Conservator will assess the prospects of the company transitioning the remaining in-force business to new carriers and running off the existing claims within the conservation environment.