Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: INSURANCE Date: Wed, 18 Nov 92 06:38:52 EST Message-ID: HEADLINE: INSURANCE Publication Date: Tuesday November 17, 1992 BYLINE: Florida Insurance Group May Go Broke: The Florida association that pays claims to policyholders of insolvent insurance companies could run out of money by Thanksgiving, a state official said. Tom Gallagher, Florida state treasurer and insurance commissioner, said the Florida Insurance Guaranty Assn.'s ability to pay consumer claims "is rapidly diminishing" and could strand thousands of people waiting for Hurricane Andrew-related claims. The association will immediately start limiting payouts to the estimated 16,000 policyholders who hold Andrew-related claims with companies that have gone broke. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM