insolvencies News

Why Agencies Need to Pay More Attention to Insurer Insolvency

A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities. To put it more simply, a number of companies, agencies, and other firms benefit if less …

Georgia Regulators Order Liquidation of Georgia Mutual

A Georgia superior court judge has given regulators approval to liquidate a former automobile insurer. Cynthia Write, judge of the superior court of Fulton County, signed-off on an order in February that will allow regulators to liquidate Georgia Mutual Insurance, …

Geneva Association Report Analyzes Re/Insurers’ Insolvency Resolution

International insurance think tank, The Geneva Association, has published its latest report for the ongoing financial stability discussions at the G-20, Financial Stability Board and International Association of Insurance Supervisors (IAIS). A full copy of the report is available on …

P/C Insurer Failures in 2010 Unrelated to Catastrophes: A.M Best

The majority of the 11 financially impaired property/casualty companies in 2010 got into trouble primarily due to deficient loss reserves and inadequate pricing. None of the 2010 impairments were directly attributable to catastrophe losses, although several had accumulated large underwriting …