Blog

2022 IT Summit Highlights

“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 […]

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NCIGF Makes Progress at NCOIL

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 […]

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NCIGF Assessment Liability Report Updated through 2Q 2020

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 […]

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NCIGF Launches 2019 Annual Report

NCIGF 2019 Annual Report

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NCIGF Continues to Represent U.S. Guaranty System Worldwide

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 […]

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NCIGF Submits Comment on OK Business Restructuring Transaction

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) […]

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Barbara Law and Jenny Anzalone-Ackley Elected to NCIGF Board

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) […]

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NCIGF WEIGHS IN AT THE NAIC ON SUGGESTIONS FOR ESSENTIAL PROVISIONS FOR INSOLVENCY LAWS

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 […]

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Inside the Industry: NCIGF at the Triple-I Joint Industry Forum

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 […]

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With NCIGF Help, NAIC Makes More Progress on Large Deductibles

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 […]

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NCIGF Announces Policy Position on Restructuring at Austin NAIC meeting

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 […]

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NCIGF & NOLHGA Host Successful Gathering of Global Insolvency Officials

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 […]

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Barbera Selected to Serve as Executive Director in Oklahoma

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 […]

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Court Rules CIGA Not a “Primary Plan” Under the MSP

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 […]

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GSI: Data Management Solutions for the Insurance Resolution System

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 […]

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Company Restructuring Statutes Gain Steam in the States- NCIGF Adopts Policy Position

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 […]

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Navigating “The Quiet Times”

(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 […]

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Merced Property & Casualty Company: A Deeper Dive (continued story from the 2019 Fall Workshop)

“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: […]

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Michigan Announces New Executive Director

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 […]

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2019 NCIGF Fall Workshop Highlights

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 […]

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Missouri Executive Director Chuck Renn Recognized at August Board of Directors Meeting

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 […]

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Louisiana Now Twelfth State to Amend Large Deductible Liquidation Act

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 […]

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NCIGF Leaders Address Global Resolution Experts in Taiwan

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 […]

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Kopp Named New Executive Director of Missouri Insurance Guaranty Associations

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’ […]

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D. Keith Bell Tapped as NCIGF Board Chairman

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 […]

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NCIGF Hosts 2019 Annual Conference in Chicago, IL

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 […]

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2018 Annual Report

NCIGF released our brand new 2018 Annual Report.  

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U.S. Leads Insurance Policyholder Protection Around the World

(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 […]

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Insurance Business Transfer Model Bill Takes Center Stage at NCOIL

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 […]

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NCIGF Reps Meet with Members of Congress

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, […]

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Encrypted Phishing Email

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 […]

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Company Division Statutes Gain Steam in the States

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 […]

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UDS 3.0 – JSON Based Layout

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 […]

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New Year, New Faces

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 […]

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NCIGF CEO ELECTED CHAIR OF GLOBAL POLICYHOLDER PROTECTION GROUP

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 […]

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NCIGF Sees Progress at NAIC on LD and Troubled Co Regulation

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 […]

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NAIC Chief Endorses Web of Trust

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 […]

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My New Year Message To You!

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.

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NCIGF Launches Updated Web Site

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 […]

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NCIGF Releases 4th Quarter Assessment Liability Report

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 […]

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IT Security – The Next Right Thing

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 […]

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Business Continuity/Disaster Recovery

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 […]

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Cylance & macOS

**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 […]

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