NCIGF Enhances Support for Insurers

The NCIGF, which aids 55 property/casualty state guarantee funds, has unveiled a new strategy to better support insurers. This includes pre-liquidation planning with regulators, adapting to evolving insolvency trends, and finding collaborative solutions among state associations.

For over three decades, NCIGF has helped guarantee funds protect policyholders from insurer insolvencies, disbursing over $35 billion for claims on approximately 600 insolvencies. NCIGF President Roger Schmelzer emphasizes the organization’s commitment to understanding potential insolvency trends and ensuring member readiness through educational initiatives.