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.
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
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.
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