Insolvency

October 23, 2023 4 min read Definitions

Understanding Insolvent Insurers: What It Means and How to Protect Yourself

Finance Insurance Studies Risk Management Insurance Insolvency Financial Stability Policyholders Protection

Learn about insolvent insurers, why they may not have the funds to meet financial obligations, and how to safeguard against potential risks in the insurance domain.

October 3, 2023 5 min read Definitions

Insurance Guaranty Act: Protecting Policyholders When Insurers Fail

Finance Insurance Consumer Rights Insurance Insolvency Policyholders Guaranty Funds Consumer Protection

Learn about the Insurance Guaranty Act, which ensures policyholders are protected in case their insurer becomes insolvent. This crucial act provides the necessary funds as a guaranty.

October 3, 2023 4 min read Definitions

Liquidation of Insurer: Understanding the Dissolution Process

Insurance Finance Business Law Risk Management General Insurance Terms Liquidation Insolvency Financial Obligations Insurance Regulation

Learn about the liquidation of an insurer, a process undertaken when an insurance company can no longer meet financial obligations and faces unavoidable dissolution.