Established in 1981, Guaranty Fund Management Services, Inc. (GFMS) is a Boston-based, Delaware nonprofit corporation organized to providing management and insurance claims services to eight property and casualty insurance guaranty associations established by law and serving the six New England states, Virginia and the District of Columbia. GFMS is responsible for the management and operational frameworks that enable its member guaranty associations to discharge their statutory responsibilities to handle promptly and efficiently covered claims against insolvent property and casualty insurers. GFMS is also authorized to furnish related or compatible services to property and casualty insurers and insurer organizations. GFMS employs approximately 30 employees in the Boston area.