New Q: I heard that Vesta is in Bankruptcy in Alabama. How does this impact my insurance claim (or return of unearned premium)?
The bankruptcy proceedings have no direct impact on insurance claims (or return of unearned premiums) owed by the Vesta insurance companies. Similarly, there is no impact on the amount of guaranty fund protection that exists for these amounts. While certain affiliates of Vesta are subject to federal bankruptcy proceedings, none of these are insurance companies. In fact, insurance companies are not legally eligible for bankruptcy under federal law.
Related Questions
- I’ve heard that if we have a massive Earthquake in southern California, none of the insurance companies will be around to pay the claim?
- New Q: I heard that Vesta is in Bankruptcy in Alabama. How does this impact my insurance claim (or return of unearned premium)?
- I heard that Vesta is in Bankruptcy in Alabama. How does this impact an insurance claim (or return of unearned premium)?
