The New Jersey Department of Banking and Insurance (DOBI Order A26-07) approved the voluntary dissolution of 21st Century Pinnacle Insurance Company (NAIC #10710) on November 6, 2026. Although licensed to write multiple lines of business in New Jersey, the company is not actively writing new or renewal direct business and has no current policyholders.
21st Century Pinnacle is a wholly owned direct subsidiary of 21st Century North America Insurance Company, a New York-domiciled insurer whose shares are owned 80% by Farmers Insurance Exchange, 10% by Truck Insurance Exchange, and 10% by Fire Insurance Exchange. The company assigned its remaining rights, interests, and obligations to 21st Century North America through an Assignment and Assumption Agreement that the department approved on February 5, 2020, effective January 1, 2021. It confirmed there are no in-force policies, so no policyholder notices were required.
Under the order, any claim asserted against 21st Century Pinnacle after dissolution will be fully satisfied by 21st Century North America under the Assignment and Assumption Agreement. The dissolving company must surrender its Certificate of Authority to DOBI’s Office of Solvency Regulation and file a Certificate of Voluntary Relinquishment with the county clerk. The company must also apply to DOBI’s Office of Solvency Regulation for the return of any special deposits held on its behalf. Once all outstanding liabilities are resolved, remaining assets will be distributed to 21st Century North America.
21st Century Pinnacle submitted its Plan of Dissolution to the department on August 5, 2026, and DOBI approved it on November 6, 2026.
For New Jersey agents and brokers, the practical takeaway is straightforward: any outstanding question or claim involving 21st Century Pinnacle should be directed to 21st Century North America Insurance Company, which carries successor liability under the Assignment and Assumption Agreement.
