Founded in 1981, Guaranty Fund Management Services, Inc. (GFMS) is a Boston-based, Delaware nonprofit corporation that provides management and insurance claims services to the eight property and casualty insurance guaranty associations established by law in the six New England states, Virginia and the District of Columbia. GFMS is responsible for the management and operational frameworks that enable its member guaranty associations to discharge their statutory responsibilities to handle promptly and efficiently covered claims against insolvent property and casualty insurers. GFMS is also authorized to furnish related or compatible services to property and casualty insurers and insurer organizations. GFMS employs approximately 30 employees in the Boston area.
GFMS and its member guaranty associations are proud to be part of the national property and casualty guaranty fund system that provides an essential safety net to covered policyholders and claimants when a licensed property and casualty insurance company fails. The website of the National Conference of Insurance Guaranty Funds, www.NCIGF.org, has further information regarding this national system.
If you have been notified of an insurance company insolvency that affects you and you reside in, or had a loss in, a United States jurisdiction other than Connecticut, the District of Columbia, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, or Virginia, please contact the appropriate state’s property and casualty insurance guaranty association. Contact information for all property and casualty guaranty associations may be found at https://www.ncigf.org/resources/links-and-contacts/.