Business Continuity/Disaster Recovery
…disk that does include the first of a month will be kept for a minimum of 1 year. I know this is technical, so I’ll break it down a little…
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Insolvencies. . . An Overview
…claim. Q: What happens if the amount of my claim is larger than the maximum amount paid by the guaranty association? A: If the amount of your claim exceeds the…
The Fruits of Cooperation: Joint Receivership, Guaranty Funds Effort Set To Streamline Insolvency-related Financial Reporting
…information from original claim files, had no standardization of forms; also there was no specified reporting timeframe. For receivers, the lack of a standard format meant that processing claims information…
Merced Property & Casualty Company: A Deeper Dive (continued story from the 2019 Fall Workshop)
…first time I went to a disaster site and looked into the eyes of one of my customers who had lost everything, that was a seminal moment for me almost…
Recent Insolvency Activity Indicates Guaranty Funds Provide Extensive Coverage on Commercial Line Claims
…burden on personal lines insureds. Over 50 percent of inception-to-date guaranty fund costs are recouped by means of the inclusion of a factor in premium rates. In most of these…
Court Rules CIGA Not a “Primary Plan” Under the MSP
…for Medicare and Medicaid Services (CMS) for conditional payments made on behalf of workers’ compensation claimants and may also obviate its need to adhere to Medicare Set-Asides for claim settlements….
Treasury Review of Regulatory Structure Associated with Financial Institutions: Request for Comments (TREAS-DO-2007-0018)
…a federal charter, were such an option available). Proposals for an FDIC-type system contemplate a division of the financial capacity of the safety net system between a federal system, funded…