Mississippi Insurance Guaranty Ass'n v. Mississippi Workers' Compensation Individual Self-Insurer Guaranty Ass'n

¶ 23. This is a case of first impression for this Court. Never before has this Court been presented a situation in which a self-insured and a direct insurer became insolvent on the same claim involving the same transaction. The Mississippi Insurance Guaranty Association (“MIGA”) and the Mississippi Workers’ Compensation Individual Self-insurer Guaranty Association (“SIGA”) are legal entities with similar duties and obligations. In fact, each’s respective statute mimics the other but for some select wording in each statute.

¶ 24. Throughout this case, words “claimant” and “covered claim” were…