Backgrounder
…Roger Schmelzer. “But when insolvencies do occur, the guaranty fund system is with an effective and proven safety net that provides policyholder protection to the maximum legally allowable limits.” ###…
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Remaining Ready: Preparedness is the Key to Effective Insolvency Management by the Property and Casualty Guaranty Fund System
…the need for a safety net to cover insurer insolvencies suggests that such a safety net was intended to protect individual policyholders and claimants rather than large commercial insureds. For…
Annual Conference
Event Summary: http://www.cvent.com/d/d6q7zh Registration: http://www.cvent.com/d/d6q7zh/4W Agenda: http://www.cvent.com/d/d6q7zh/6X…
Navigating “The Quiet Times”
…cost of doing business to assure an effective safety net for insurance consumers. It’s not just my opinion; I often hear this point made by industry thought leaders. Besides, with…
With NCIGF Help, NAIC Makes More Progress on Large Deductibles
…the extent of their claim payments. Both LD results came about due to purposefully more positive interactions based on a commonality of concerns between the parties. NCIGF was seen not…
2018 Annual Report
NCIGF released our brand new 2018 Annual Report. …
Merced Property & Casualty Company: A Deeper Dive (continued story from the 2019 Fall Workshop)
…Brad: The CIGA statute says that we could pay a maximum of $500,000 per claim for non-workers compensation claims. We talked in advance with our counsel and discussed the option…
Guaranty Fund Assessment Liability Information
…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,…
NCIGF Assessment Liability Report Updated through 2Q 2020
…of each state guaranty fund – actual and projected assessment and refund activity, net assessable premium, maximum assessment capacity, assessment type and procedures, lines of business and recoupment provisions. The…