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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…
Pre-Liquidation Planning
…checklist for preventing interruption of critical benefits: Contact list for critical benefits (link here) Pre-insolvency agreements to continue certain benefits: Workers’ Compensation Indemnity Payments Pharmacy Benefits and 24-Hour Care Arrangements…
Protect the Integrity Of State Guaranty Funds
…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…
Backgrounder
At the heart of the insurance contract lies the assurance that when misfortune happens, insurance will be there to soften the blow with coverage for one’s losses. But what happens…
Navigating “The Quiet Times”
…and provide a safety net that encourages the commercial enterprise of selling and buying insurance. The statutory resolution construct fills inevitable gaps in the larger insurance food supply chain. The…
Louisiana Now Twelfth State to Amend Large Deductible Liquidation Act
…in collection delays and litigation – both of which diminish available funds to reimburse the deductibles; 2) guaranty funds are a limited safety net – ultimately the cost of the…
NCIGF Submits Comment on OK Business Restructuring Transaction
…for this case may be accessed at https://www.oscn.net/dockets/GetCaseInformation.aspx?db=oklahoma&number=CJ-2019-6689. NCIGF, NOLHGA and Arizona comments may be viewed at this link. NCIGF is represented in this matter by Derryberry and Naifeh, LLP….
U.S. Leads Insurance Policyholder Protection Around the World
…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…