LexisNexis® Legal Newsroom
Georgia: Uninsured Fund May Not Challenge Constitutionality of Statutory Amendment Expanding “Covered Claims”

A public entity, such as the Georgia Insurers Insolvency Pool, created as it was by the Georgia legislature to pay the covered claim of an insolvent insurance company for the protection and benefit of the company's named insured, could not bring constitutional challenges to legislative acts, held...

IL: Statutory Cap Does Not Apply to Guaranty Fund Payments Related to Excess Comp Coverage

A divided Illinois Supreme Court recently held that a $300,000 cap on payment of individual claims related to obligations of insolvent carriers by the Illinois Insurance Guaranty Fund does not apply to excess coverage policies providing workers’ compensation protection to employers. By statute...