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In the early 1800s, the clerical work related to veterans' claims was handled by a small office within the War Department. By 1833, this office evolved into the Bureau of Pensions, tasked with administering pension payments to veterans and their families.
The department collects and distributes legal information to member state guaranty associations and serves as an information resource for case laws. The department also coordinates the efforts of NOLHGA’s Legal Committee, which addresses issues pertaining to the insolvency process and develops strategies for related lawsuits.
A state guaranty association is not a government agency, but states usually require insurance companies to belong to it as a condition of being licensed to do business. The guaranty associations of the fifty states are members of a national umbrella association, the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA).
It was established as Gulf Coast Claims Facility (GCCF), announced on 16 June 2010 after a meeting of BP executives with U.S. President Barack Obama. [ 1 ] [ 2 ] In June 2012, the settlement of claims through the GCCF was replaced by the court supervised settlement program.
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The United Nations Compensation Commission (UNCC) was created in 1991 as a subsidiary organ of the United Nations Security Council.Its mandate was to process claims and pay compensation for losses and damage suffered as a direct result of Iraq's 1990–1991 invasion and occupation of Kuwait which started the Gulf War.
Major General Benjamin Franklin Butler. The department was constituted on February 23, 1862, when the United States War Department issued General Orders No. 20; the department consisted of "...all of the coast of the Gulf of Mexico west of Pensacola harbor, and so much of the Gulf States as may be occupied by the forces under Major General B.F. Butler."
In 1998 it acquired USF&G, known formerly as United States Fidelity and Guaranty Company, an insurance company based in Baltimore, Maryland, for $3.9 billion in stock and assumed debt. [8] [9] By buying USF&G, they went from the 13th to the eighth largest property and casualty insurance company in the United States. Through economies of scale ...