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The Fruits of Cooperation: Joint Receivership, Guaranty Funds Effort Set To Streamline Insolvency-related Financial Reporting
…was left to negotiate the best they could with guaranty funds about what to report and reporting frequency. For guaranty funds, the lack of a standard format brought other challenges:…
Remaining Ready: Preparedness is the Key to Effective Insolvency Management by the Property and Casualty Guaranty Fund System
…with defined computer file formats allowing a fast and efficient reporting of policy and claim information. The standardized reporting that UDS provided was developed in 1995 and allowed the funds…
Public Policy and Legislation
…Law Working Group’s Survey of States’ Receivership Laws NCIGF Testimony Before House Financial Services Subcommittee – Insurance Oversight and Legislative Proposals 11/16/2011 Join Submission of NOLGHA & NCIGF Regarding FSB…
Kopp Named New Executive Director of Missouri Insurance Guaranty Associations
…for his 27 years of outstanding service to the guaranty associations and to Missouri consumers,” said Mike Voiles, Missouri Farm Bureau and Chair of the property and casualty guaranty association….
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…
Company Restructuring Statutes Gain Steam in the States- NCIGF Adopts Policy Position
…subject to divisions. Hence, types of insurance such as personal lines, workers compensation and long- term care could be involved. At its October 2019 meeting, the NCIGF Board of Directors…
Company Division Statutes Gain Steam in the States
…types of insurance such as personal lines, workers compensation and long- term care could be involved. This concept began to take shape many years ago when Rhode Island adopted Chapter…
Barbera Selected to Serve as Executive Director in Oklahoma
…service for the Oklahoma Property & Casualty Insurance Guaranty Association, as she already understands the employees as well as the relationship with the receivership office. Ms. Barbera will remain based…
Frequently Asked Questions
…writing policies in the high-risk auto insurance business. There are separate guaranty funds for property and casualty and life and health insurance insolvencies. This information concerns only the property casualty…