PHL Variable liquidation pushed out to 2027, Connecticut regulators say
July 14, 2026 by Jul 1, 2026
The liquidation of PHL Variable Insurance Co. will not happen until next year at the earliest, Connecticut Insurance Commissioner Josh Hershman said in a status update filed Tuesday.
State insurance guaranty associations are preparing to seek bids from insurers willing to assume portions of the troubled company’s business, Hershman explained, a process that will take months. The court-appointed rehabilitator for PHL, Hershman had maintained that a liquidation order would be entered by the end of 2026.
Originally Posted at InsuranceNewsNet on John Hilton by Jul 1, 2026.
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