Founded in 1974 by Fred Loya in El Paso, Texas, Loya Insurance Group grew to become one of the largest Hispanic-owned and operated companies in the United States. The company focused on providing affordable, non-standard auto insurance, targeting drivers who might be considered high-risk by other insurers. It operated through a large network of storefront offices across multiple states. However, due to insolvency and its inability to pay policyholder claims, the company was placed into receivership and subsequently ordered into liquidation by the Texas Department of Insurance in late 2023.