Top Coverage & Policy Issues Stories
What happens when insurers fail?
By Ken Brownlee, CPCUWhen insurers go into receivership, state guaranty funds take over those claims and run off claims for pennies on the dollar.
News and information for property & casualty insurance agents & brokers on coverage and policy issues, including policy analysis related to whether a client’s loss is covered. Coverage questions are answered as to who is liable in the event of a loss, in order to most effectively serve the client when a claim is filed.
When insurers go into receivership, state guaranty funds take over those claims and run off claims for pennies on the dollar.
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