NU Online News Service, Sept. 14, 3:25 p.m. – The Arizona Department of Insurance has suspended the license of Penn Treaty Network America Insurance Company, Allentown, Penn., citing the insurer's excessive losses.
Penn Treaty has not been declared insolvent, and its assets appear adequate to meet its expected claim obligations. However, the department decided to suspend the insurer's license to prevent it from taking on additional insurance obligations in Arizona