Illinois Insurance Guaranty Fund
The Illinois Insurance Guaranty Fund (IIGF) is a non-profit organization created by statute in July 1971. We were created to act as the “safety net” for Illinois property and casualty insurance companies and their policyholders. We provide protection to the covered policyholders and claimants of member insurance companies that go out of business. Representatives from active insurance companies make up our Board of Directors.
Est. 1971 for Illinois Consumers
Our mission is to protect Illinois consumers from the loss of time and money related to the failure of P&C insurance companies
What We Do
IIGF works closely with regulators, liquidators and service providers to ensure timely claims payments and continuation of policy benefits.
How Can We Best Assist You?
IIGF's Role In Protecting Illinois Consumers
If you’re a policyholder whose insurer is no longer supporting you, we’re the company that will work to get you paid. We protect policyholders in the event that an insurer becomes insolvent or is unable to meet its financial obligations. You can think of us as a safety net.
“We’ve been so happy and grateful for what the Guaranty Fund has done for us”
Testimonial from a claimant’s wife, who provides care for her paraplegic husband
IIGF has managed this Workers Compensation claim since 1993. As the injured worker has aged, his medical and home care needs have increased. We have addressed this with the help of a nurse case manager, who suggested an evaluation at Chicago’s Shirley Ryan Ability Lab. As a result of that visit, IIGF was able to provide an accessible van, powered enhancements to the worker’s wheelchair, and modifications to the family’s home.