…by Senators Patrick Leahy, D-Vt., and Arlen Specter, R-Pa., the chairman and ranking minority member of the Senate Judiciary Committee, respectively. Assemblage of this formidable team of advocates suggests a…
…guaranty funds. Do many insurance companies become insolvent? Insurance is a business that deals with risk, and although the vast majority of companies are well managed and financially sound, occasionally…
Businesses and consumers purchase property and casualty insurance to protect themselves from financial losses arising out of a variety of possible damages, including fires, accidents, natural disasters, Workers’ Compensation–covered injuries…
Preamble The Guaranty Support Incorporated (GSI) provides the UDS Data Mapper free of charge to liquidators to assist with the production, validation, and distribution of UDS, document images, and other…
…of the new law available https://www.ncigf.org/industry/public-policy-and-legislation/.) The other states that have adopted similar statutory changes are California, Pennsylvania, Illinois, Indiana, Michigan, Texas, New Jersey, Utah, Florida, Missouri, and West Virginia….
…to Yosemite Insurance Company, pursuant to the Oklahoma Insurance Business Transfer statute. Both companies are affiliates of Enstar Group Limited. Notably, the block of business proposed to be transferred includes…
…is restructured pursuant to statutes in several states. These statutes, which are described as either Insurance Business Transfer (IBT) or Division statutes, permit a company to divest itself of certain…
…to get the message – very standard stuff. Looking at the link, it went to a microsoft.com domain that prompted you to enter your credentials. The good news is that…
…workers’ compensation laws. While it may pay workers’ compensation claims, CIGA is triggered by an insolvency, not a work-related injury. Further, the California insurance laws specifically define CIGA’s as insolvency…