…claimants by stepping in to pay claims to the limits established by state law when an insurance company becomes insolvent. Guaranty funds are administered by state guaranty associations, which are…
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…
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…
…time it may communicate views, ideas and experiences to interested parties. IFIGS is a voluntary not for profit membership network. It is independent of any government authority. Currently there are…
…estimates. Assessment Liability Report The Assessment Liability Report includes – by a statutory account of each property and casualty (P&C) guaranty fund – the maximum assessment (capacity), net assessable premium,…
…the Arizona Insurance Department also filed comments in the matter. The transaction is representative of a trend in several states which have adopted statutes permitting division or transfer of blocks…
…work that had been done by third-party administrators and I’m starting to feed them additional files to adjust. It saves us money and also keeps them employed. We wanted to…
…thanks to those who participated, along with John Blatt, Amy Clark and me (from NCIGF staff): Chad Anderson (WGFS), Charlie Breitstadt (Nationwide), Allan Patek (WI), Barbara Law (GFMS), Barry Miller…
…depend upon an ad hoc widening of the scope of guaranty fund coverages during administration of an insolvency, a purchaser’s motivation to buy coverage from the most financially sound companies…