Recoveries from Reliance and U.S. Life

CIGA’s Claims and Borrowing Needs Ease

By: Bess Shapiro

The California Insurance Guarantee Association, which pays claims for insolvent insurance companies, is still dealing with claims from insolvencies of the late 1990s. Are there more or fewer open claims? Are the reserves increasing or decreasing? What effect will recoveries from defunct carriers have on employers’ assessments? Premium subscribers can click here for the answers.

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