Alliance: P-C Guaranty Fund Assessments Soars
NU Online News Service, April 17, 3:48 p.m. EDT?Net assessments paid by property-casualty insurers to state p-c guaranty funds have hit a 15-year high, according to a new Alliance of American Insurers study.
In 2001, the latest year with relevant available figures for such a study, payments by private insurers amounted to $735 million. That figure, the Alliance pointed out, is more than twice the $328 million that insurers doled out in 2000 and is second only to the 1987 net assessment of $903 million.
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