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Backgrounder
…caps on property and casualty claims (caps, however, do not generally apply to Workers’ Compensation claims.) These caps, which were established in the early days of guaranty funds, reflect the…
Treasury Review of Regulatory Structure Associated with Financial Institutions: Request for Comments (TREAS-DO-2007-0018)
…considerably more than adequate to meet all financial requirements of all guaranty associations in all insolvencies.4 In the several instances where extreme catastrophes (e.g., Hurricane Andrew and its effects in…
Guaranty Funds Safeguard Consumers When Insurance Companies Fail
Businesses and consumers purchase property and casualty insurance to protect themselves from financial losses arising out of a variety of possible damages, including fires, accidents, natural disasters, Workers’ Compensation–covered injuries…
Business Continuity/Disaster Recovery
…each server. The backup appliance takes a daily virtual machine snapshot of every server hosted at our data center in our virtual environment, as well as the physical server named…
Michigan Announces New Executive Director
…work environment will serve us well to tackle new challenges in the future.” About Michigan Property and Casualty Guaranty Association: MPCGA is an unincorporated association of all property and casualty…
Media Room
…Asked Questions Posted: October 26, 2018 What is a guaranty fund? A guaranty fund, also known as a guaranty association, protects policyholders and claimants when an insurance company becomes insolvent….
Capital Market Investment Opportunities in Insurance Insolvency And Their Impact on Consumers
…panel discussions on capital markets investment opportunities at “Emerging Investment Opportunities: Bridging the Gap between the Capital Markets and Troubled Companies” hosted by the International Association of Insurance Receivers (IAIR)…
Protect the Integrity Of State Guaranty Funds
From the National Underwriter, Final Say By Roger H. Schmelzer Property and casualty insurers and the mechanisms that support their consumers face quite a storm these days, and it’s not…