Search for: "Financial Guaranty Insurance Company"
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15 Dec 2016, 5:30 am
Tower was made up of 10 insurance companies domiciled in six states that operated on a largely consolidated financial basis through an intercompany reinsurance pooling arrangement. [read post]
26 Aug 2010, 12:28 pm
(FDIC) The counter to this as expressed by a representative of the National Organization of Life & Health Insurance Guaranty Associations, is that the accounts are covered by state insurance backstops. [read post]
2 Jul 2009, 2:47 am
If the company did not re-insure risks, policy holders may lose their insurance protection.Past blawg reports detailed the demise of PLM Title, Guaranty Title & Trust, and LandAmerica. [read post]
22 Apr 2009, 5:47 am
Therefore, the Bulletin asks the insurance industry to be mindful of its responsibility to take affirmative steps to avoid contributing to the loss of public confidence by not making unfair or misleading statements, implications or innuendos about the financial condition or solvency of other companies. [read post]
17 Sep 2008, 6:01 pm
It has recently been reported that the world's largest insurance carrier - insurance giant AIG - is in deep financial trouble. [read post]
10 Oct 2006, 12:38 pm
The Stewart Title Guaranty Company, 2006 CanLII 21787 (ON S.C.) [read post]
16 Dec 2011, 9:38 am
It also allows the new company the financial capability to ensure that all policyholder claims are paid and policyholder coverage will continue. [read post]
4 Apr 2011, 2:03 am
Under the Act, a domestic surplus lines insurer is exempt from the Arkansas Property and Casualty Insurance Guaranty Act (§ 23-90-101 et seq.) and the Arkansas Property and Casualty Insurance Guaranty Act (§23-96-101 et seq.), but still subject to surplus lines tax and the Arkansas’ financial and solvency requirements (unless specifically exempted). [read post]
20 Oct 2009, 10:14 am
Download United States Fidelity and Guaranty Company v. [read post]
27 Mar 2009, 4:44 am
"This would include bank and thrift holding companies and holding companies that control broker-dealers, insurance companies, and futures commission merchants, or any other financial firm posing substantial risk to our economy," he said. [read post]
18 Jun 2010, 2:39 am
”Consumer Protection Agency, Resolution Authority, and Proprietary TradingThe NAIC’s letter also made the case for why the House version’s consumer protection agency should not regulate the areas of federal law that affect insurance companies (e.g., the Gramm Leach Bliley Act), for why insurers should be excluded from the systemic resolution authority as insurance consumers are already protected by the state guaranty fund system, and why… [read post]
20 Dec 2011, 6:00 am
The Guaranty Statute When an insurance company becomes insolvent, the defense of pending claims (and liability for payment of Plaintiff's damages) is assumed by the Indiana Insurance Guaranty Association (IIGA) which was created by statute in 1971. [read post]
13 Sep 2008, 2:55 am
A Supplement to the September 2008 Best's Review The Guide to Understanding Insurance Ratings includes coverage of : Financial Health-solvency and the primary cause of impairments; state guaranty associations, high profile insolvencies and why; details of agency oversight. [read post]
25 Jul 2007, 1:26 am
It was a very interesting and informative conference, and several topics were discussed, including a proposed guaranty fund model act; predatory lending in the housing market; state efforts to regulate title insurance; state laws addressing large deductible policies; draft model act regarding rental vehicle damage waivers; current United Kingdom and European Union regulatory developments; surplus lines compact; and lack of uniformity in state producer and… [read post]
23 Jun 2020, 3:00 am
Nevada has a similar provision, providing that an RRG shall not “join or contribute financially to the Nevada Insurance Guaranty Association, or to any similar organization or fund in this state. [read post]
3 Feb 2009, 2:03 am
(“CIFG”), a financially-impaired bond insurer. [read post]
8 Jun 2015, 10:52 am
"If this had been a traditional company, they would be covered by ... a guaranty fund. [read post]
1 May 2017, 3:00 am
First, every state has a guaranty association which will pay for the claims associated with financially impaired insurance companies. [read post]
29 Jun 2015, 6:00 am
The companies that provide this coverage sometimes structure it as reinsurance in order to be free of market conduct and rate and form regulation as well as premium taxes, guaranty fund assessments and other charges involved in direct insurance. [read post]
26 Jul 2013, 11:35 am
Under the Restructuring Plan, participating state life and health guaranty associations (PGAs) and certain life insurance companies have formed a new special purpose not-for-profit captive insurance company under the laws of the district of Columbia to replace ELNY once it is liquidated. [read post]
