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  2. Guaranty association - Wikipedia

    en.wikipedia.org/wiki/Guaranty_association

    Major insolvencies have occurred at least 62 times since the conspicuous collapse of the Executive Life Insurance Company in 1991. [5]Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York, [6] New Jersey, [7] and the state of Washington. [8]

  3. What happens when your home insurance lapses - AOL

    www.aol.com/finance/happens-home-insurance...

    Insurance company goes insolvent: If your insurance company is declared insolvent, meaning it cannot pay its debts or rehabilitate itself, a policy lapse could also occur. Your policy will usually ...

  4. Trade credit insurance - Wikipedia

    en.wikipedia.org/wiki/Trade_credit_insurance

    Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is a type of insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.

  5. Insolvency - Wikipedia

    en.wikipedia.org/wiki/Insolvency

    It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...

  6. What happens to an annuity if your insurance company ... - AOL

    www.aol.com/finance/happens-annuity-insurance...

    While rare, an annuity issuer failing can be a nightmare for policyholders.

  7. Property and casualty insurance guaranty funds - Wikipedia

    en.wikipedia.org/wiki/Property_and_Casualty...

    The statute states that Colorado's guaranty fund "provide(s) a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to ...

  8. What to know about financial insolvency

    www.aol.com/finance/everything-know-financial...

    Insolvency is a difficult financial situation, but it doesn’t have to last forever.

  9. Business interruption insurance - Wikipedia

    en.wikipedia.org/.../Business_interruption_insurance

    This coverage extends until the end of the business interruption period determined by the insurance policy. Most insurance policies define this period as starting on the date of the covered peril and the damaged property is physically repaired and returned to operations under the same condition that existed prior to the disaster. [5]