“Insurance on Insurers: How State Insurance Guaranty Funds Protect Policyholders”

“Insurance on Insurers: How State Insurance Guaranty Funds Protect Policyholders,” by Daniel Hartley, Federal Reserve Bank of Chicago

“How insurance insolvency resolution has worked in practice. … The two largest failures (presented in order of size from the second-largest to the largest) illustrate some of the potential risks of the system and how varied the resolution process experience may be across policyholders. Example 1: Penn Treaty Penn Treaty Network America Insurance Company was a medium-sized insurer that predominately issued long-term care insurance.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

For the insolvency resolution story on Penn Treaty, click through to the source and search for “Penn Treaty.”