Flash Report: Legion Taken Over by Pennsylvania Authorities

Once writing large amounts of business through program that were Heavily backed by reinsurance, Legion Insurance Co. and its sister Villanova Insurance Co. have both been taken over by the Pennsylvania Department of Insurance.Pennsylvania Insurance Commission was putting Legion Insurance Co. And Villanova Insurance Co. into rehabilitation.Standard & Poors last month questioned the Legion Insurance Groups Ongoing viability and it looks like the rating house was right. The action came