The failure of an insurance company is administered differently than other business bankruptcies. This is because insurance is regulated by the states and failures are not governed by federal bankruptcy law. When an insurance company becomes insolvent and is unable to pay outstanding claims, a state's courts and the insurance commissioner begin a legal process to determine appropriate action for the company.
When a member insurer is deemed to be insolvent, the Board of Directors of the NCIGA, under the Plan of Operation, may activate the NCIGA to carry out its duties and obligations as defined by statute to protect the insurance buying consumer of the state of NC.
24678
Arrowood Indemnity Company
11/8/2023
1/15/2025
10969
United Property and Casualty Ins. Co.
2/27/2023
2/27/2024
13207
Lighthouse Property Ins Corp
04/28/22
08/23/22
27502
Western General Insurance Co.
08/05/21
2/28/2022
12601
American Capital Assurance Corp
04/14/21
10/14/21
21970
Bedivere Insurance Company
03/11/21
12/31/21
16806
Gateway Insurance Company
06/10/20
12/10/21
23914
Northwestern National Ins Co
05/02/19
11/02/19
11398
Guarantee Insurance Company
11/27/17
11/27/18
40134
CastlePoint National Ins. Co.
04/01/17
12/31/17
23108
Lumbermens Underwriting Alliance
05/23/16
05/24/17
42609
Affirmative Insurance Company
03/24/16
08/27/17
32271
Freestone Insurance
08/15/14
12/31/15
13162
CAGC
01/17/14
01/15/13
43265
Gramercy
08/26/13
02/26/15
37893
ULLICO
05/30/13
06/30/14
22977
Lumbermens Mutual Gr
05/10/13
11/10/14
34266
Fronteir Ins. Co.
11/16/12
12/31/13
19895
Atlantic Mutual Ins.
04/27/11
12/15/13
19909
Centennial Ins. Co.
38474
Pegasus Insurance Co.
08/12/10
02/08/11
11487
Imperial Cas & Indem
05/12/10
12/15/11
18341
INSCORP
02/23/10
12/31/12
28711
Park Avenue P & C
11/20/09
02/15/11
15156
Shelby Insurance Co.
08/01/06
11/30/07
15466
Realm National
06/15/05
01/31/14
24953
South Carolina Ins. Co.
03/21/05
12/31/05
21237
Casualty Reciprocal Exchange
08/18/04
02/28/06
36374
Commercial Casualty
04/02/04
06/30/06
21040
Fremont Insurance Co.
07/02/03
06/30/04
33812
Reciprocal of America
06/20/03
09/30/04
22527
Home Insurance Co.
06/13/03
06/13/04
24422
Legion Insurance Co.
11/01/02
06/30/05
19577
Villanova Insurance
35718
Phico Insurance Co.
02/01/02
04/01/03
24457
Reliance Insurance Co.
10/03/01
12/31/03
12912
Credit General Ins.
01/05/01
01/31/02
21369
Employers Cas Company
02/11/94
07/31/95
19569
American Mut. Liab.
03/09/89
19550
American Mut. Of Boston
23604
Mission Ins. Co.
02/24/87
N/A
10529
Carriers Ins. Co.
01/16/86
01/14/87
14346
Iowa Natl. Mutual Ins
10/10/85