NCIGF Sees Progress on Large-Deductible Issue

Five property and casualty insurers were declared insolvent in 2017 — including three that primarily wrote workers’ comp — in an uptick from the two insolvencies in 2015 and 2016, according to the National Conference of Insurance Guaranty Funds. And while workers’ comp large-deductible policies remain a concern for guarantee funds, some progress has been made on the issue, said Barb Cox, NCIGF’s senior vice president of legal and regulatory affairs for NCIGF. According to the winter edition of NCIGF’s Insolvency Trends newsletter, the number of n...