Oriska Insurance: Built on a Solid Financial Foundation
Regulators have understandably taken a harder look at insurance companies since a string of companies nearly caused the collapse of the global economy. Oriska Insurance also underwent rigorous examinations from regulatory agencies. We are happy to report that the NYS Supreme Court has acknowledged that Oriska Insurance has always been on sound financial footing. [see: 20071206_ Oriska Insurance Company and NYDOI Stipulation dismissing with prejudice the Receivership Petition]
Due to the regulatory environment since the financial crisis, Oriska Insurance has taken the extraordinary step of full disclosure of its audits to policyholders and investors. Oriska Insurance has made public its audits for the past decade as well as the results of the rigorous examination it faced in the NYS Supreme Court.
Oriska Insurance understands and applauds the need for rigorous oversight of the industry and we are glad to transparently comply.