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Capital Market Investment Opportunities in Insurance Insolvency And Their Impact on Consumers
…casualty claims in general, but especially so with the involvement of asbestos and environmental claims and natural disasters. Flowers went on to explain additional uncertainty is found where key assumptions…
NCIGF & NOLHGA Host Successful Gathering of Global Insolvency Officials
…was my final duty as 2019 chairman of IFIGS. 17 of the 24 IFIGS members attended and we had about 60 people altogether at the conference on December 4. Special…
Remaining Ready: Preparedness is the Key to Effective Insolvency Management by the Property and Casualty Guaranty Fund System
…funds ensure continuity of practice and institutional knowledge of systems, laws and policies and the ability to train newly hired staff when activity increases. Standing professional staffs serve as repositories…
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)
…cash value for all of those items. Then, when the consumer actually goes out and purchases those items, they provide proof, and only then can they be paid the difference….
Frequently Asked Questions
What is a guaranty fund? A guaranty fund, also known as a guaranty association, protects policyholders and claimants when an insurance company becomes insolvent. Guaranty funds are nonprofit entities created…
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…