July 29, 2005

Insolvency Briefing from NCIGF

Insolvency Briefing (PDF) is a publication of the National Conference of Insurance Guaranty Funds (NCIGF).

This year, they quietly began publishing an online newsletter with news of legal decisions and procedural developments in the liquidation of insurance companies that affect the various state insurance guaranty funds. State insurance guaranty funds are provided for by statute and are obliged to pay many of the ordinary insurance claims made against property-casualty insurance companies that have been placed in liquidation due to insolvency.

The current issue includes an update on Reciprocal of America, PHICO, Frontier, The Home, CRE/EMIC, and the latest financial reports from Legion Insurance Company. It includes a short report by Kevin Harris of transactions at the recent meeting of the National Conference of Insurance Legislators (NCOIL).

A listing of back issues (unfortunately without TOC or squibs of their contents) could be easier to find.

DougSimpson.com/blog

Posted by dougsimpson at July 29, 2005 08:31 PM