Search for: "CAPITAL & GUARANTY INSURANCE COMPANY"
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17 Sep 2011, 6:15 am
Julie Patel of the Sun-Sentinel continues her dedicated investigative reporting series looking into insurance issues in her recent article, Expect low and slow claims payments if your insurer folds.Patel points out that since 2006, eight property insurance companies in Florida have gone insolvent and insureds with more than 55,000 claims have been forced to deal with the Florida Insurance Guaranty Association (FIGA) for their… [read post]
20 Oct 2012, 2:37 pm
The National Organization of Life & Health Insurance Guaranty Associations says that to get US consumers to buy annuities, firms have to set up state-based insurance units that are governed by the same risk-based-capital rules that other insurers have to follow. [read post]
2 Sep 2011, 11:26 am
A consortium of life insurance companies has agreed to provide hypothetical guaranty association coverage up to $100,000 for ELNY policyholders and/or payees who are not otherwise covered by a state guaranty association. [read post]
8 Mar 2014, 3:01 pm
Amzak Capital Mgmt. v. [read post]
29 May 2024, 8:43 am
However, guaranty funds only cover insurers who are admitted to that state. [read post]
6 Aug 2013, 9:26 am
In Sun Capital Partners III, L.P. et al. v. [read post]
23 Mar 2011, 5:51 pm
The biggest US chartering jurisdiction for captive insurance companies in Vermont (!) [read post]
24 Nov 2012, 9:48 pm
This brings to mind a recent discussion with a financial industry colleague about whether and to what extent the capital markets incorporate the "true" cost of a company's defined benefit plan liability. [read post]
31 Dec 2008, 11:38 am
Limit Personal Guaranty to a fixed time period - The guaranty expires after said period.4. [read post]
14 Nov 2011, 12:38 am
The bank holding company’s D&O insurance likely lapsed some time shortly after the holding company’s bankruptcy. [read post]
30 Sep 2013, 1:52 am
The president of the borrower, Paul Pariser, provided a personal guaranty on the loan. [read post]
18 Mar 2012, 8:35 pm
GABC is financially viable because of its initial funding, participating guaranty association (PGA) contributions plus voluntary life insurance company enhancements. [read post]
29 Jul 2011, 10:31 am
The Altus purchase price includes $300 million of capital for a newly formed company, Aurora National Life Assurance Company, Inc. [read post]
24 Jul 2011, 5:40 pm
The Altus purchase price included $300 million of capital for a newly formed company, Aurora National Life Assurance Company, Inc. [read post]
6 Aug 2013, 10:26 am
In Sun Capital Partners III, L.P. et al. v. [read post]
25 Mar 2014, 3:54 am
The jury in that case ruled that Pixler and the Huffs pretended to buy the ailing insurance company in an effort to divert millions of dollars in insurance company assets to Midwest Merger Management, a Kentucky company they controlled.The latest news reported in WorkCompCentral this morning, however, shows how such a scam in workers' compensation can escalate to a significant amount of capital being sucked out of the system to the… [read post]
22 Nov 2010, 10:58 am
Allstate Insurance Company Builders Mutual Ins. [read post]
25 Mar 2019, 12:32 pm
However, in order to write in all states, the surplus lines insurer required a second company to write surplus lines in the primary insurer’s home state, which would require additional capital to do so. [read post]
3 Dec 2008, 7:16 pm
The move, which affects 140,000 policyholders was made allegedly because "the policies were a drag on the company's earnings because they were underpriced and required continuing capital infusions to meet the long-term needs of policyholders".Click here for how Conseco, Inc. announced the transaction on November 12, 2008WSJ reports of fear among policyholders, most of whom are seniors. or families of the seniors. [read post]
5 Nov 2009, 7:25 pm
As long as you don't let the bank use the new capital to grow its way out of the problem, my preference would have been to let the bank burn through the $750 million in private money before it ever got to the insurance fund. [read post]
