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Remaining Ready: Preparedness is the Key to Effective Insolvency Management by the Property and Casualty Guaranty Fund System
…fund staff is also essential because often, the last few, usually older, claims are the most complex and offer the highest potential for litigation. In addition to supporting ongoing claim…
Protect the Integrity Of State Guaranty Funds
…provision requiring carriers that write auto insurance in Florida – but homeowners elsewhere – to also write homeowners policies in Florida. (The attorney general of Mississippi later suggested the same…
Merced Property & Casualty Company: A Deeper Dive (continued story from the 2019 Fall Workshop)
…checks for those folks, allowing the coverage gap to be minimal, almost nonexistent. Robin: You mentioned specifically some creative solutions in regard to claim caps, tell me more about that….
Frequently Asked Questions
…purchase new coverage through another company. How many guaranty funds are there? Every state has a guaranty fund set up to pay property and casualty insurance claims. Several states also…
Recievers Who Signed
…Midland Yes NYLB 13676 Cosmopolitan Mutual Yes NYLB 18341 Inscorp Yes NYLB 19909 Centennial Insurance Company Yes NYLB 15466 Realm Yes NYLB 15741 United Community Yes NYLB 14230 Ideal Mutual…
New Year, New Faces
…Virginia State Corporation Commission Bureau of Insurance Market Regulation and Consumer Affairs (D) Committee Chair: Chlora Lindley-Myers, Director, Missouri Department of Insurance, Financial Institutions and Professional Registration Vice Chair: Allen W. Kerr,…
Public Policy and Legislation
…P&C Guaranty Funds: How the National System Works Today and the Potential Impact of a Fluid Global Regulatory Environment Policyholder Protection in an Age of “Regulatory Fury”: The Double-Barreled Expansion…