PCI Pleased with Progress on Guaranty Fund Reform

Model legislation created to address guaranty fund insolvency issues has been passed in several key states in the 2004 legislative sessions, putting reform efforts on the right path, according to the Property Casualty Insurers Association of America (PCI). All or parts of a package of reform legislation created by the National Conference of Insurance Guaranty Funds (NCIGF) was passed in several states with support from PCI in legislatures around the country. "While PCI is definitely pleased with the proactive reform to date, a variety of guaranty fund concerns remain on the table," said Len...