Guaranty Associations Assimilating CastlePoint Claims

Before the days when electronic records were common, an insurance company liquidation might mean a truck pulling up to the offices of the California Insurance Guarantee Association, unloading claim files stacked on pallets. Even though many records are now in an electronic format, processing the files still won’t be an easy task as CIGA receives 1,500 to 1,600 workers’ comp claims from CastlePoint National Insurance Co., said Wayne Wilson, CIGA’s executive director. “Getting everything moved electronically takes time,” Wilson said. But CIGA is making progre...