Kansas’ MutualAid eXchange Declared Insolvent, Placed into Liquidation August 28, 2023 By Ezra Amacher The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into...
Louisiana Insurance Guaranty Association Tabs Verisk for Streamline Claims Handling August 4, 2022 The Louisiana Insurance Guaranty Association (LIGA) announced it is is streamlining its handling of claims for policyholders of insolvent insurers...
Louisiana Guaranty Fund to Borrow $600 Million to Pay Claims July 19, 2022 A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida....
Louisiana Judge Orders Liquidation of Lighthouse May 2, 2022 A Louisiana district court judge last week ordered the liquidation of Lighthouse Property Insurance Co., the troubled homeowners insurer who...
Burand’s Agency E&O Blog: Tip #51 November 27, 2013 By Chris Burand State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any client...
Allianz Vows to Fight Florida Regulators’ Charges in Magnolia Case April 25, 2013 By Michael Adams Allianz Risk Transfer (ART NY) has vowed to strongly repudiate charges levied by Florida regulators that it contributed to the...
Florida Regulators Allege Fraud by Allianz in Case of Failed Insurer March 27, 2013 By Michael Adams Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer...
Connecticut Court Rules on Guaranty Fund Role in Workers’ Comp Claims August 23, 2011 By Andrew G. Simpson The state insurance guaranty fund can be considered the last insurer on a workers’ compensation risk that has multiple insurers...