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

42609

Affirmative Insurance Company

03/24/16

08/27/17

12601

Amercian Capital Assurance Corp

04/14/21

10/14/21

19569

American Mut. Liab.

03/09/89

 

19550

American Mut. Of Boston 

03/09/89

 

19895

Atlantic Mutual Ins.

04/27/11

02/15/13

21970

Bevidere Insurance Company

03/11/21

 

13162

CAGC

01/17/14

01/15/13

10529

Carriers Ins. Co.

01/16/86

 

40134

CastlePoint National Ins. Co.

04/01/17

12/31/17

21237

Casualty Reciprocal Exchange

08/18/04

02/28/06

19909

Centennial Ins. Co.

04/27/11

12/15/13

36374

Commercial Casualty 

04/02/04

06/30/06

12912

Credit General Ins.

01/05/01

01/31/02

21369

Employers Cas Company

02/11/94

07/31/95

32271

Freestone Insurance

08/15/14

12/31/15

21040

Fremont Insurance Co.

07/02/03

06/30/04

34266

Fronteir Ins. Co.

11/16/12

12/31/13

16806

Gateway Insurance Company

06/10/20

12/10/21

43265

Gramercy

08/26/13

02/26/15

11398

Guarantee Insurance Company

11/27/17

11/27/18

22527

Home Insurance Co.

06/13/03

06/13/04

14230

Ideal Mutual Ins. Co.

12/26/84

 

11487

Imperial Cas & Indem

05/12/10

12/15/11

18341

INSCORP

02/23/10

12/31/12

14346

Iowa Natl. Mutual IN

10/10/85

 

24422

Legion Insurance Co.

11/01/02

06/30/05

23108

LUA 

05/23/16

05/24/17

22977

Lumbermens Mutual Gr

05/10/13

11/10/14

23604

Mission Ins. Co.

10/31/85

 

23914

NNIC

05/02/19

11/02/19

28711

Park Avenue P & C

11/20/09

02/15/11

38474

Pegasus Insurance Co.

08/12/10

 

35718

Phico Insurance Co.

02/01/02

04/01/03

15466

Realm National

06/15/05

10/15/05

33812

Reciprocal of America

06/20/03

09/30/04

24457

Reliance Insurance Co.

10/03/01

12/31/03

15156

Shelby Insurance Co.

08/01/06

11/30/07

24953

South Carolina Ins. Co.

03/21/05

12/31/05

37893

ULLICO

05/30/13

06/30/14

19577

Villanova Insurance 

11/01/02

06/30/05