INSOLVENCIES

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.

NCIGA Insolvency List

NAIC #

Company Name

Date of Insolvency 

Bar Date

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.

04/27/11

12/15/13

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 

11/01/02

06/30/05

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 

03/09/89

 

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