Mass Insurers Insolvency Fund
Guaranty Fund Management Services, Inc. (GFMS) is a Boston-based nonprofit corporation that provides management and insurance claims services to property and casualty insurance guaranty associations in the New England states, Virginia, and the District of Columbia. With over 30 employees, GFMS ensures the efficient handling of covered claims against insolvent insurers, offering a vital safety net to policyholders and claimants in the event of a licensed insurance company failure.
As part of the national property and casualty guaranty fund system, GFMS and its member associations play a crucial role in safeguarding the interests of consumers affected by insurance company insolvencies. Founded in 1981, GFMS is dedicated to fulfilling its statutory responsibilities and providing related services to insurers and insurer organizations, contributing to the overall stability and reliability of the insurance industry.
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