Blog

The NCIGF Fall Workshop was held on November 13-14, 2024. The event took place in the charming city of Savannah, Georgia at the historic DeSoto Hotel nestled between city squares […]

The NCIGF member community gathered in Columbus, Ohio last week for the Annual Meeting of Members and the 2024 Annual Conference. Nestled beautifully in the heart of the mid-west, Columbus […]

The 2023 NCIGF Legal Seminar took place in Minneapolis, Minnesota on June 21-22 and focused on topics of current and perennial interest to attorneys, guaranty fund managers and insurance insolvency […]

June marks Pride month, a time to celebrate the progress and contributions that have been made in the US and globally by the LGBTQ+ community. In celebration and recognition of […]

Watch the highlight video! The 2023 NCIGF Annual Conference took place in Seattle, Washington on April 20-21. Well attended by many members, it was a fine picture of the “N” […]

The 2022 Fall Workshop took place in beautiful, bustling (and chilly) San Antonio on November 17-18 at the Westin Riverwalk. Our highest attended event post-COVID, the workshop was packed with […]

“This year’s IT Summit provided a lot of great information and provided some excellent thought-provoking discussions. I am looking forward to the next one!” “Timely and Updated information for a […]

NCIGF-advocated measures received favorable action during the National Conference of Insurance Legislators (NCOIL) meeting last week in Charleston, S.C. Language was approved making it an express requirement that the Commissioner […]

The NCIGF Assessment Liability Report has been updated and posted to the NCIGF website with P&C guaranty fund assessment information through June 30, 2020. The report assists insurers in estimating […]

NCIGF 2019 Annual Report

On April 21, I participated in a stakeholder teleconference convened by the Resolution Working Group (ReWG) of the International Association of Insurance Supervisors (IAIS). ReWG, chaired by Alex Hart (a […]

By Roger Schmelzer and Barbara Cox The NCIGF has filed comments with as Oklahoma court in response to a petition to restructure certain policies of Providence Washington Insurance Company (PWIC) […]

Two new NCIGF board members were elected at the most recent Board of Directors meeting held on February 19 in Sonoma, California. Barbara Law of Guaranty Fund Management Services (GFMS) […]

The Receivership and Insolvency Task Force (RITF) submitted a request that members and other interested parties identify key provisions that states should have in their laws to promote effectiveness and […]

On January 15 NCIGF had the opportunity to attend the Joint Industry Forum, hosted by the Insurance Information Institute (Triple-I). This one-day conference, held in the heart of New York […]

Guaranty funds and receivers have been in conflict for more than 10 years over treatment of large deductible products written by companies that later go into liquidation. In liquidation, confusion […]

At the Austin meeting of the National Association of Insurance Commissioners (NAIC) the NCIGF presented its position on guaranty fund coverage related to claims that might arise from business that […]

Just prior to the NAIC meeting in Austin, TX was the annual conference of the International Forum of Insurance Guarantee Schemes (IFIGS) in Washington D.C. NOLHGA served as co-hosts. This was […]

On November 1, Amanda Barbera officially became the Executive Director for the Oklahoma Property & Casualty Insurance Guaranty Association. Notably, Ms. Barbera was the past Executive Director, serving in Oklahoma […]

On October 10, 2019, the 9th Circuit Court of Appeals issued a landmark decision holding that the California Insurance Guaranty Association (CIGA) was not a primary plan under the Medicare […]

Guaranty Fund Services (GSI)   GSI aims to assist Guaranty Funds with a suite of IT services including: • Cloud hosting We can plan and migrate your entire IT infrastructure […]

Restructuring statutes, which take the form of either company division statutes or insurance business transfers (IBTs), are gaining steam in the state legislatures. These are statutes that permit an ongoing […]

(Originally published in the Summer 2019 issue of The Insurance Receiver and is reprinted with the permission of IAIR) A highly charged topic among insurance resolution practitioners is the obvious fact […]

“This is the Essence of What the Guaranty Funds Exist to Do…” – Brad Roeber One of the highlights of the 2019 Fall Workshop was a panel entitled, Disaster Sight: […]

In September, the Michigan Property and Casualty Guaranty Association announced that Jeffery Jenkins would become their new executive director. Their official announcement is below. NCIGF reached out to Mr. Jenkins […]

The 2019 Fall Workshop took place in New Orleans on October 2-3. The educational event kicked off on that Wednesday at the historic Roosevelt Hotel and featured John Wells welcoming […]

NCIGF hosted its most recent board of directors meeting in Indianapolis last week. Among the board was Charles Renn, Executive Director of the Missouri P&C Insurance Guaranty Association. Mr. Renn […]

On June 4 Louisiana adopted legislation to define how large deductible policies are handled in an insurance liquidation. The new law tracks closely to model language adopted by NCIGF and […]

NCIGF Vice Chair Chad Anderson (WGFS) and NCIGF CEO Roger Schmelzer recently returned from the Asian International Forum of Insurance Guarantee Schemes (IFIGS) meeting held in Taipei, Taiwan. Both spoke […]

Update provided by the Missouri Insurance Guaranty Associations Jefferson City, MO: Tamara W. Kopp has been named the new Executive Director of the Missouri Insurance Guaranty Associations by the Associations’ […]

The Board of Directors of the National Conference of Guaranty Funds (NCIGF) has elected D. Keith Bell of The Travelers Companies, Inc., as the NCIGF’s new board chairman. Bell assumed […]

The 2019 NCIGF Annual Conference was held in May at the historical and centrally located Intercontinental Chicago. The hotel, situated along the famous Magnificent Mile, was a great spot for […]

NCIGF released our brand new 2018 Annual Report.  

(Originally published in the Spring 2019 issue of The Insurance Receiver and is reprinted with the permission of IAIR) On January 1, I began a one-year term as Chairman of […]

The National Conference of Insurance Legislators (NCOIL) met in Nashville and spent a good bit of time talking about the very hot topic Insurance Business Transfers (IBT). For many, this […]

Recently, a number of NCIGF members, board members and staff took Capitol Hill by storm to do some updating on the state guaranty fund system. Meetings like these are critical, […]

We received an interesting phishing email attack this weekend – something I had never seen before.  One of the property managers at our building sent a number of us at […]

Company Division Statutes, also known as restructuring statutes or business transfer mechanisms, are gaining steam in the state legislatures. These are statutes that permit an ongoing insurance company to divest […]

The UDS TSG seems poised to take up the task of revising the existing UDS standard. For those not familiar with the layout of UDS, they are fixed width, position […]

We will see several new commissioners across the country in 2019.  Here is a high-level summary of the commissioner changes, followed by a listing of the NAIC committee leadership for […]

INDIANAPOLIS, IN, January 14, 2019 – Roger H. Schmelzer, president of the National Conference of Insurance Guaranty Funds (NCIGF), has been selected to serve as chairman of the International Forum […]

NCIGF closed out 2018 on a very high note.  Regulators adopted very positive recommendations governing large deductible insolvencies, including that states be encouraged to adopt statutes that grant the receiver […]

I recently received a report from an international insurance regulatory meeting in which U.S. insurance commissioners were participating.  The urgency and assertiveness of our regulators hit me like a ton […]

We are trying some new modes of communication this year, so here are a few of my thoughts as we fire up the engines for 2019.

I’m pleased to announce that we’ve completed our reorganization and update of the public facing web site.  We’ve taken pains to preserve all of the existing content, but organized in a […]

By Amy Clark The NCIGF Accounting department has released the 4th Quarter Assessment Liability Report. Download it by clicking here. The Assessment Liability Report includes – by a statutory account […]

I’m going to speak more generally about our IT security path at NCIGF.  There are a bunch of ways it can be done, some bad, some better than others, but […]

I received an email inquiring what a reasonable backup policy would be, given the following issues/constraints: Industry Best Practices; Fear for loss of data and inability to restore/replicate; and Costs […]

**Update** This issue has been resolved. Announcement Cylance is releasing a hotfix to the macOS Agent version 1494 to provide a workaround to keep macOS Mojave endpoints from deadlocking. This […]