News – Florida Insurance Guaranty Association https://figafacts.com Tue, 24 Feb 2026 21:24:02 +0000 en-US hourly 1 https://figafacts.com/wp-content/uploads/2022/04/cropped-FIGA-WEBSITE-ICON-32x32.png News – Florida Insurance Guaranty Association https://figafacts.com 32 32 FIGA Ends Emergency Assessment Two Years Early (Press Release) https://figafacts.com/2026/02/24/figa-ends-emergency-assessment-two-years-early-press-release/ Tue, 24 Feb 2026 19:19:33 +0000 https://figafacts.com/?p=5101 FIGA PRESS RELEASE – 20260224

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Current FIGA Emergency Assessment Is Concluding https://figafacts.com/2026/02/24/5094/ Tue, 24 Feb 2026 19:03:47 +0000 https://figafacts.com/?p=5094 CRITICALLY IMPRORTANT INFORMATION

The multi-year emergency assessment [ 2023A – 1% ] will end on 9/30/2026. New and Renewal policies effective 10/1/2026 and forward should not reflect the FIGA 1% assessment.

Please make the necessary adjustments to your policy processes so the FIGA assessment is no longer collected on policies with an effective date after 9/30/2026.

FIGA will continue to collect the emergency assessment on policies with effective dates through 9/30/2026. Quarterly reporting, as well as the annual reconciliation filings, will remain in place until a final reconciliation for premiums has been completed in February 2028.

We ask you forward this notice to all parties involved with FIGA processing and reporting. If you have any questions, please contact us directly at assessments@agfgroup.org or (800) 988-1450.

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Notice of ITN for Field Adjusting Services https://figafacts.com/2025/07/02/notice-of-itn-for-field-adjusting-services/ Wed, 02 Jul 2025 18:12:14 +0000 https://figafacts.com/?p=5043 The American Guaranty Fund Group (AGFG) is issuing an Invitation to Negotiate for Field Adjusting Services. AGFG is the management company for the Florida Insurance Guaranty Association (FIGA) and the Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA). The details of the scope of Field Adjusting Services are included in the Invitation to Negotiate document. Parties must submit responses in accordance with the procedures in the Invitation to Negotiate. The Invitation to Negotiate opened on July 1, 2025. The deadline for submitting written questions for the Invitation to Bid is July 18, 2025, at 4:00 pm EST. The deadline for submitting a bid response is August 1, 2025, at 4:00 pm. EST.

2025 FIGA ITN for Field Adjusting Services
ITN for Field Adjusting Services FAQ

Interested parties and questions related to the solicitation and submission of proposals should be addressed to:

Ryan Schwinn
American Guaranty Fund Group
P.O. Box 15159, Tallahassee, FL 32317
rschwinn@agfgroup.org

 

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Upcoming Multi-Year Assessment Reporting https://figafacts.com/2025/05/01/upcoming-multi-year-assessment-reporting/ Thu, 01 May 2025 17:58:33 +0000 https://figafacts.com/?p=5024 THE MULTI-YEAR EMERGENCY ASSESSMENT (2023A 1.0%) FIRST LEVIED ON 04.10.2023, WILL CONTINUE AS PLANNED. 

This multi-year continuous assessment will remain in place until all of the Series 2023A Bonds are repaid in full.  YEAR 3 OF THE ASSESSMENT WILL COVER ALL POLICIES WITH AN EFFECTIVE OR RENEWAL DATE BETWEEN 10.01.2025 AND 09.30.2026.

This assessment year will be designated 2023A 1.0% YR3, with subsequent years following the same naming convention.  Beginning 01.01.2026, DocuSign forms will provide separate reporting lines for Year 1, Year 2 and Year 3.  See below for an updated reporting schedule.

We ask that you forward this notice to all parties involved for the necessary programming and process changes in order to ensure timely collection and reporting.

FIGA ASSESSMENT REPORTING DUE DATES

For more detailed information and updates, please visit our website at figafacts.com or feel free to reach out to us directly at Assessments@agfgroup.org or (800)988-1450.

Thank you for your continued support, and please do not hesitate to contact us if you have any questions or require further assistance.

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FIGA & FWCIGA Claims Audit ITN FAQ https://figafacts.com/2025/04/11/figa-fwciga-claims-audit-itn-faq/ Fri, 11 Apr 2025 22:04:24 +0000 https://figafacts.com/?p=5018 Answers to questions submitted regarding the ITN for Claims Auditing Services are accessible below. The Submission deadline for the ITN is Friday, April 18th, 2025.

2025 FIGA ITN Auditing Services FAQ

Contact Information:
Interested parties and questions related to the solicitation and submission of proposals should be addressed to:

Valerie Glenn
American Guaranty Fund Group
P.O. Box 15159
Tallahassee, FL 32317
(850) 523-1823
vglenn@agfgroup.org

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Meeting to Announce Claims Management System ITN Selected Vendor Demonstrations https://figafacts.com/2025/03/28/meeting-to-announce-claims-management-system-itn-selected-vendor-demonstrations/ Fri, 28 Mar 2025 16:55:10 +0000 https://figafacts.com/?p=5013 On Monday, March 31st, AGFG will be hosting a public meeting to announce the vendors they have selected to provide demonstrations of the system they proposed in response to AGFG’s Claims system ITN.

Please note that during this meeting, AGFG will not discuss internal deliberations. Decisions were made based on how much effort would be required to customize the proposed systems to AGFG’s needs, what features the proposed systems provided, and cost.

The link to the online meeting is below:

Meeting Link:
Meeting ID: 261 574 697 102
Passcode: 9GR75m3u

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Invitation to Negotiate (ITN) for FIGA and FWCIGA Claims Audit https://figafacts.com/2025/03/19/invitation-to-negotiate-itn-for-figa-and-fwciga-claims-audit/ Wed, 19 Mar 2025 20:04:57 +0000 https://figafacts.com/?p=5007 FIGA and FWCIGA seek a vendor to perform claims auditing services for closed and open claims. The majority of the audit will involve FIGA claims which are Property and Casualty. There will also be a limited number of FWCIGA claims that are workers’ compensation claims. The Invitation to Negotiate specifies the response date as well as other important dates.  Interested parties are to reply within the specified dates.

2025 Invitation to Negotiate Claims Auditing Services

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AGFG Online Member Portal Request for Proposal (RFP) https://figafacts.com/2025/03/11/agfg-online-member-portal-request-for-proposal-rfp/ Tue, 11 Mar 2025 21:31:19 +0000 https://figafacts.com/?p=5001 The American Guaranty Fund Group (AGFG) is seeking proposals from qualified firms to develop an online platform to enhance the exchange of information and business transactions with members of the Florida Insurance Guaranty Association (FIGA) and the Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA).

AGFG is a service company created to provide management and administrative services related to all post-insolvency claims filed with FIGA and FWCIGA.  The selection of a successful respondent and the execution of an agreement will be accomplished in accordance with Part II and Part V of Chapter 631, Florida Statutes, and the entities’ Plan of Operations.

AGFG Member Portal RFP

Key Dates:

  • Deadline for Written Questions: March 21, 2025
  • RFP Submission Deadline: April 11, 2025

Contact Information:
Interested parties and questions related to the solicitation and submission of proposals should be addressed to:

Cavondra Ball
American Guaranty Fund Group
P.O. Box 15159
Tallahassee, FL 32317
(850) 523-1832
cball@agfgroup.org

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Meeting to Open Submitted Bids for the Claims Management System ITN https://figafacts.com/2025/03/10/meeting-to-open-submitted-bids-for-the-claims-management-system-itn/ Mon, 10 Mar 2025 19:32:12 +0000 https://figafacts.com/?p=4999 The American Guaranty Fund Group (AGFG) is hosting a meeting to open submitted bids for their Invitation to Negotiate for a Claims Management System. They are hosting a meeting to publically document Respondents on Monday, March 17th at 2:00 p.m. EST. This meeting will be open to the public. Upon completion, it will be recorded and posted on AGFG’s website.

Meeting Link
Meeting ID: 254 641 287 296
Passcode: vF36JK76

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Claims Management System ITN Vendor Meeting Link https://figafacts.com/2025/02/27/claims-management-system-itn-vendor-meeting-link/ Thu, 27 Feb 2025 21:56:29 +0000 https://figafacts.com/?p=4992 The American Guaranty Fund Group (AGFG) held a meeting to answer questions potential respondents had to AGFG’s Invitation to Negotiate for a Claims Management System on February 25, 2025. The recorded video of the meeting is below.

AGFG Claims Management System ITN Respondent Conference

One question asked was how many claims and/or documents would be transitioned from AGFG’s current system to the proposed claims management system. All historical claim data will be transferred, totaling 1,371,019 Claims. Documents attached to claims that are open or have been closed within the past 90 days will also be ingested into the new claims management system. As of February 28, 2025, documents from 3,908 claims will be moved over. This number is subject to change.

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