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- Tax Relief for Fraud Victims
- If any of your money disappeared down the rathole known as Bernie Madoff or any of the similar Ponzi operations that came to light last year, the Internal Revenue Service offers you some relief, if not much sympathy. How financial victims can get the tax breaks they deserve... If...
- Articles 2009-03-05
Additional Resources
- Congress eyes insurance guaranty fund system.
- Congress Eyes Insurance Guaranty Fund System WASHINGTON - Consumers deserve better than the current state-based life insurance guaranty fund system, according to a leading member of Congress. State insurance guaranty funds have been called a "Congress Eyes Insurance Guaranty Fund System ...
- Research articles 1991-09-23
- LOMA reports on state L&H guaranty funds. (Life Office Management Association, life and health insurance guaranty fund system)
- LOMA Reports On State L&H Guaranty Funds ATLANTA - Based on a cap of 2 percent of total annual premium, the 47-state life and health insurance guaranty fund system should be able to absorb almost $4 billion a year in claim costs, according to a...
- Research articles 1991-03-04
- New Jersey legislature creates guaranty fund.
- New Jersey Legislature Creates Guaranty Fund The New Jersey legislature has passed a bill creating a life and health guaranty fund that would pay off policyholders if an insurance company becomes insolvent. The bill that passed includes several changes made by Gov....
- Research articles 1991-07-22
- Legion litigation delays guaranty fund payouts; MRM battles Pennsylvania liquidation.(News)(Legion Insurance Co. and Mutual Risk Management Ltd.)
- Byline: DOUGLAS McLEOD LOS ANGELES-A California court's liquidation order against Legion Insurance Co. is a small measure of good news for the state's policyholders, who are now eligible for state guaranty fund coverage of claims that have gone unpaid since Pennsylvania regulators took...
- Research articles 2003-05-05
- Getting Paid When an Insurer Fails: The Role of State Guaranty Associations
- The state guaranty association SGA system has ultimate responsibility for making sure policyholders of life and health insurance companies in liquidation are paid in a timely manner and before general creditors. In this report, Fitch Ratings examines how the state guaranty fund system works and current proposals to strengthen it....
- White papers 2005-01-07
- Rolland criticizes concept of prefunded guaranty fund. (Lincoln National Corp. Chairman Ian Rolland)
- Lincoln National Corp Chmn Ian Rolland, in remarks before an American Bar Assn-sponsored seminar on insurance industry solvency issues, said that prefunded guaranty funds would be a disservice to the industry since it would encourage irresponsible behavioLincoln National Corp Chmn Ian Rolland, in remarks before an American Bar Assn-sponsored seminar...
- Research articles 1993-07-12
- Lloyd's, other U.K. insurers criticize guaranty proposal.(International: Lloyd's of London)
- Byline: NEIL HODGE LONDON-U.K. insurers and Lloyd's of London say a proposal to bring Lloyd's into the U.K. insurance industry's guaranty-fund arrangement will lead to higher premiums and cause unnecessary exposure to insolvencies for both Lloyd's and non-Lloyd's insurers. The Financial...
- Research articles 2003-04-21
- Maine's money grab must be stopped. (assessment of state insurance guaranty fund)(Editorial)
- Maine, desperate to pay off the $220 million deficit in its chronically troubled workers' compensation residual pool, is setting a dangerous precedent by moving to close $45 million of the gap by arbitrarily assessing the state's insurance guaranty funMaine, desperate to pay off the $220 million deficit...
- Research articles 1995-07-10
- South Carolina Fund to Absorb Millions in Claims Against Insolvent Insurer.
- By Jim Parker, The Post and Courier, Charleston, S.C. Knight Ridder/Tribune Business News Oct. 7--A state fund will absorb up to $56 million in claims in South Carolina from the insolvency of Philadelphia-based Reliance Insurance Co., one of the largest failures involving a property...
- Research articles 2001-10-07
- World Updates; Changes made to protect pension guaranty fund.(International)
- The U.K. Parliament is making changes to the proposed Pension Protection Fund, in an effort to prevent defined benefit plan sponsors from misusing the program. Among other changes, the amendments would allow the U.K. pension regulator to force a company to make plan contributions if regulators...
- Research articles 2004-05-03
- Guaranty Bank Shuttered, Assets Sold to BBVA
- WASHINGTON (Reuters) - U.S. regulators on Friday closed Texas lender Guaranty Bank and sold its assets to Banco Bilbao Vizcaya Argentaria BBVA, allowing Spain's second-largest bank to expand its reach in the U.S. market. Guaranty, a unit of Guaranty Financial Group Inc GFG, is the 81st U.S. bank failure this...
- News items 2009-08-21
- Fla. WC Self Ins. fund debate continues.(Florida House and Senate table opposite proposals concerning Florida Self Insurance Fund Guaranty Association; workers compensation)
- Florida Senate and House lawmakers have put forward opposing plans to fund the Florida Self Insurance Fund Guaranty Association, which is under increasing financial pressure due to the failure of a fourth self insurance fund. Lawmakers have agre Florida Senate and...
- Research articles 1997-04-21
- Spain's BBVA acquires Guaranty
- BBVA, the Spanish bank, on Friday succeeded in its acquisition of Guaranty Financial, a struggling Texas bank with $13.5bn in assets, the Federal Deposit Insurance Corporation said. The move makes Guaranty the 81st US bank to fail this year. BBVA agreed to buy $12bn of Guaranty's assets, with the FDIC...
- News items 2009-08-21
- LTV claims pension fund dry, pursues takeover by PBGC. (LTV Steel Co. returns to court, insists on Pension Benefit Guaranty Corp.'s takeover of pension plan)
- LTV claims pension fund dry, pursues takeover by PBGC LTV Steel Co. plans to return to court this month to argue that one of its three pension plans has run out of money and should be taken over by the federal Pension Benefit Guaranty Corp....
- Research articles 1990-10-08
- Assured Guaranty Insures $382 Million Orkney Re II Series A-1, Its First Guaranty of a Regulation XXX Life Insurance Securitization
- NEW YORK -- Assured Guaranty Corp. ("AGC"), a subsidiary of Assured Guaranty Ltd. (NYSE:AGO), announced that its London subsidiary, Assured Guaranty UK Ltd., has guaranteed its first life insurance securitization. The guaranty was provided for the $382 million, 30-year maturity Orkney Re II plc Series A-1 Notes. Proceeds from the...
- Research articles 2006-01-17
- Don't bank PBGC savings yet. (Pension Benefit Guaranty Corp.)(Editorial)
- The latest financial results from the Pension Benefit Guaranty Corp. are very good indeed. The PBGC reports that its main insurance fund now enjoys an $869 million surplus, a stunning improvement from three years ago, when the agency's deficit had musThe latest financial results from the...
- Research articles 1997-04-07
- Putnam Investments Announces Participation in the U.S. Treasury Money Market Guaranty Program
- BOSTON -- The Board of Trustees of the Putnam Funds authorized the Putnam Fund's participation in the U.S. Treasury's Money Market Guaranty Program. The program provides coverage to shareholders of Putnam's retail money market funds as of the close of business on September 19, 2008. The temporary guaranty will...
- Research articles 2008-10-01
- Immediate Annuities: 5 Rules to Get Monthly Checks for Life
- These financial products can provide retirees with a steady stream of income. But you need to buy wisely. Anyone nearing retirement...
- Articles 2009-08-31
- Restructuring liabilities: NAIC white paper urges protections for policyholders. (National Association of Insurance Commissioners)
- CHICAGO - States should only approve liability-based restructurings of insurers that protect policyholders' rights - including requiring prior consent and preserving guaranty fund protection - a panel of the National Assn. of Insurance Commissioners reCHICAGO - States should only approve liability-based restructurings of insurers that protect...
- Research articles 1997-06-16
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