…matter experts on insurance liquidation public policies. Some takeaways for your consideration: Tom Sullivan from the Federal Reserve (and member of Team USA) and David Wilson from the CA…
(Originally published in the Summer 2019 issue of The Insurance Receiver and is reprinted with the permission of IAIR) A highly charged topic among insurance resolution practitioners is the obvious…
…a specific situation. For questions about your specific situation, please consult with your state guaranty association and/or legal counsel. Introduction Businesses and consumers purchase property and casualty insurance to protect…
…insolvent insurer. An international platform will elevate the U.S. guaranty system’s value to domestic solvency regulators, according to Schmelzer. “This is timely because the NAIC is undertaking its own initiatives…
The National Conference of Insurance Legislators (NCOIL) met in Nashville and spent a good bit of time talking about the very hot topic Insurance Business Transfers (IBT). For many, this…
…establishing the maximum period of time The Data may remain on GSI infrastructure, servers, file systems, databases, etc. Data covered by this policy This policy applies to all data stored…
By Roger Schmelzer and Barbara Cox The NCIGF has filed comments with as Oklahoma court in response to a petition to restructure certain policies of Providence Washington Insurance Company (PWIC)…
…or written by risk retention groups and the like which are excluded from coverage under current law. The complete NCIGF policy position and related information may be viewed at https://www.ncigf.org/industry/public-policy-and-legislation/…
For a basic overview of the insolvency process and guaranty fund laws, click here. For media inquiries about life and health guaranty funds please visit https://www.nolhga.com. For media inquiries about…
…a proposed holistic framework for the assessment and mitigation of systemic risk in the insurance sector. The initial IAIS consultation included the following statement: “In addition to the direct economic…