guaranty fund News

2 Louisiana Insurance Companies Fail After Hurricane Ida

BATON ROUGE, La. (AP)–Insurance companies operating in Louisiana will be charged at least $100 million to pay the claims of two failed property insurers who went belly up in Hurricane Ida’s aftermath. But the cost of dealing with the insolvent …

Connecticut Court Rules on Guaranty Fund Role in Workers’ Comp Claims

The state insurance guaranty fund can be considered the last insurer on a workers’ compensation risk that has multiple insurers and be initially liable for paying benefits to the injured employee, with the right to recover from the other insurers, …