First Capital Holdings Backs Bankruptcy: Los Angeles-based...

First Capital Holdings Backs Bankruptcy: Los Angeles-based First Capital Holdings, which was forced into bankruptcy court by a handful of its creditors earlier this month, filed papers that will allow the Chapter 11 bankruptcy petition to proceed. The filing, which also affects two company subsidiaries, will not affect policyholders of First Capital Life Insurance Co. or Fidelity Bankers Life--First Capital’s primary operating units--insurance regulators said. These companies are under regulatory control, which protects their assets from claims against the parent, according to regulators.