Guarantee Insurance Company Insolvent!!!

  • Broker/Consultant
    Posts: 8
    Posted: Dec 22, 2017 4:27 pm
    Guarantee Insurance Company has been placed under receivership by the Florida Department of Insurance, where they are domiciled. Florida insurance regulators have indicated that the company is under-reserved and therefore insolvent. The states where GIC had current in-force policies at the time of liquidation are Alabama, Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, and West Virginia. GIC Replacement Coverage Employers who currently have workers' compensation insurance coverage written with Guarantee Insurance Company are advised to take immediate and measurable steps to replace their current coverage with a policy from a more financially stable insurance carrier as soon as practical. Call us or email your submission(s) today for a free no-obligation quote to replace coverage with GIC! We specialize in hard to place workers' comp accounts (eg., high ex-mod, lapses in coverage, riskier class codes, etc -- although we can also handle standard workers' comp cases as well). If you have any questions or concerns, please don't hesitate to reach out and ask! We're happy to help! Office: 714-693-0005
    Bruce Werner
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