Washington Insurance Guaranty Association Board meeting 03122025 900 AM PDT Washington Insurance Guaranty Association About Us The Washington Insurance Guaranty Association WAGA is an entity created by Washington statute to protect the public in the event of a failure of a property andor casualty insurance company. In the event an insurance company becomes insolvent Washington Insurance Guaranty Association will assume the processing of all covered claims in accordance with the applicable insurance policies and the applicable Washington statutes. WAGA is part of a nonprofit statebased statutorilycreated system that pays certain covered claims of insolvent property and casualty insurance companies. By paying these claims Washington Insurance Guaranty Association protects policy holders and claimants.