Search for: "Financial Guaranty Insurance Company"
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25 Mar 2013, 4:00 am
We knew they were in financial straits and we did not want to give them more money." [read post]
23 May 2023, 9:05 pm
Here’s the FDIC ruminating on its own history in 1998, with Alphaville’s emphasis: In its seventh decade, federal deposit insurance remains an integral part of the nation’s financial system, although some have argued at different points in time that there have been too few bank failures because of deposit insurance, that it undermines market discipline, that the current coverage limit of $100,000 is too high, and that it amounts to a federal subsidy for… [read post]
16 Jun 2011, 12:42 pm
The primary mission of NOLGA and its members, who are separate from but work closely with state insurance regulators, is to ensure that consumers receive (at a minimum) a level of financial protection as prescribed by state statute when a life or health insurance company fails. [read post]
15 Jan 2023, 11:51 am
Most mid-size and large companies provide their employees with specific benefits, such as life insurance, disability insurance, health insurance and pension benefits. [read post]
10 Feb 2009, 10:34 am
Guaranty fund. [read post]
29 Jul 2011, 10:31 am
A new trial court date has not yet been set. 2009 - Audited financial statements indicate ELNY has total admitted assets of $984,021,594 compared with total liabilities of $2,516,254,541 as of December 31, 2009. 2010 - A New York State Supreme Court Judge orders the Superintendent of the New York State Insurance Department to present the Court with a proposed order and plan of liquidation for ELNY on or before July 1, 2011 after the Superintendent confers with the Life… [read post]
11 Mar 2009, 2:22 am
The certificates were issued by guaranty companies and backed by the state of New York. [read post]
24 Aug 2012, 5:05 pm
The National Organization of Life and Health Guaranty Associations (NOLHGA) estimates the majority of ELNY's guaranty association costs (e.g. 66-75%) will likely be borne by New York's two life insurance guaranty associations and that 20-30 state guaranty associations may eventually participate in a final ELNY liquidation plan. 2010 - A New York State Supreme Court Judge orders the Superintendent to present the Court with a proposed order… [read post]
18 Sep 2008, 2:00 pm
Yes, a carrier failure of this magnitude would send major shockwaves through all kinds of financial sectors, but ultimately, state guaranty funds are there for a reason. [read post]
15 Jun 2023, 1:23 pm
According the Texas legislature, insurance companies are under pressure to stop providing coverage to the fossil fuel industry. [read post]
7 Sep 2021, 1:48 pm
These 200 plans are a subset of the total of approximately 1,400 multiemployer pension plans covered by the ERISA insurance program. [read post]
4 Oct 2022, 2:57 pm
The Pension Benefit Guaranty Corporation (PBGC) insurance program is providing $192.8 million in funding to rescue the underfunded the Freight Drivers and Helpers Local Union No. 557 Pension Plan (the “Plan”). [read post]
1 Mar 2008, 6:24 am
• A 2 percent charge for the Florida Insurance Guaranty Association, which was pressed into covering claims left when the three Poe Financial insurance companies failed after the 2005 storms; in force for one year. [read post]
17 Sep 2008, 7:45 am
Click here for a chart of state insurance guaranty funds for life/annuities along with phone numbers to state insurance departments. [read post]
25 Jul 2011, 11:17 am
Mortgage Guaranty Ins. [read post]
12 Sep 2010, 6:01 pm
Lawyers Mutual Insurance Company's subsidiary Lawyers Structured Settlements, a Cary, North Carolina associate of Structured Financial Associates gets Wall of Shame "credit" this week for posting structured settlement guidelines that are replete with errors. [read post]
16 Aug 2013, 11:06 am
-based captive insurance company. [read post]
8 Dec 2011, 8:03 pm
Identify "Guaranty Association Benefits Company" ("GABC") as the name of the new captive insurance company formed by the National Organization of Life and Health Guaranty Associations (NOLHGA) and the participating state Guaranty Associations that is referenced in the proposed ELNY Restructuring Agreement as "NEWCO". [read post]
25 Mar 2019, 12:32 pm
All financial and solvency requirements apply to a domestic surplus lines insurer (unless specifically exempted). [read post]
10 Feb 2019, 6:07 am
” Discussion The question in this case of the applicability of the “Guaranty” Insuring Agreement is an interesting illustration of the way that complicated coverage questions can arise. [read post]
