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    • What Would Happen if a Big Insurer Failed?

    September 10, 2024 by Allison Bell

    The effect of the failure of a large U.S. life, health or annuity issuer on state life and health guaranty funds is not clear, according to Daniel Hartley, a senior economist at the Federal Reserve Bank of Chicago.

    A state guaranty fund usually imposes assessments on surviving member insurers to cover the cost of an insurer failure, rather than building large reserves.

    Click HERE to read the full story via Think Advisor

    Originally Posted at Think Advisor on September 4, 2024 by Allison Bell.

    Categories: Industry Articles
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