Ann P Kramer

Nov 15, 2023 | lexblog.com | Tim Law |Ann P Kramer

As discussed in our post last month, it was a long road for Arrowood Indemnity to be placed into liquidation in Delaware. On November 8, 2023, it finally happened [link to Liquidation Order]. What happens now? State Guaranty Funds For many policyholders, it means falling into the guaranty association safety net. By statute, states have created guaranty associations (or in New York, security funds administered by the Liquidation Bureau) to pay covered claims owed by the insolvent insurance company.

Oct 16, 2023 | jdsupra.com | Ann P Kramer

The Kemper/Lumbermens sagaTo refresh everyone’s recollection, this is a report from Business Insurance from March 14, 2010: The Long Grove, Ill.-based insurer [Kemper], which has been in voluntary runoff since 2004, earlier this month revealed a steep decline in its surplus, which several observers say indicates that liquidation is near.

Oct 12, 2023 | lexblog.com | Ann P Kramer

The Kemper/Lumbermens sagaTo refresh everyone’s recollection, this is a report from Business Insurance from March 14, 2010:The Long Grove, Ill.-based insurer [Kemper], which has been in voluntary runoff since 2004, earlier this month revealed a steep decline in its surplus, which several observers say indicates that liquidation is near.