|Michael F. Easley, Governor
Buck Lattimore, Chairman
|Bernadine S. Ballance,
Thomas J. Bolch, Commissioner
Laura K. Mavretic, Commissioner
Renée C. Riggsbee, Commissioner
Christopher Scott, Commissioner
Dianne C. Sellers, Commissioner
TO: All Interested Parties
FROM: Chairman Buck Lattimore
DATE: February 11, 2002
RE: Liquidation of PHICO Insurance Company
The State of
Pennsylvania ordered the liquidation of PHICO Insurance
Company. As designated in North Carolina General Statutes Chapter 58, Article 48,
the North Carolina Insurance Guaranty Association (NCIGA) is now a successor in interest
and party in all workers compensation claims filed against PHICO.
N.C. Gen. Stat. §58-48-5 allows the Guaranty Association a 120-day stay in the
proceedings for all claims including any pending compromise settlement
agreements. Accordingly, the
Commission has suspended processing PHICO cases in accordance with the automatic
It is recommended
that claimants having PHICO cases notify the NCIGA of their existing claim.
For all new claims being filed, notice to the NCIGA is essential.
All notices and documents should be served to the following address:
North Carolina Insurance Guaranty Association
Post Office Box 176010
Raleigh, NC 27619-0610
If you have
questions concerning the processing of these claims within the Industrial
Commission contact: Stephen T.
Gheen, Chief Deputy Commissioner, 919-807-2540 or firstname.lastname@example.org.
Commission website (www.comp.state.nc.us)
will be updated as more information about the liquidation process becomes
N.C. Industrial Commission · 4340 Mail Service Center · Raleigh, NC 27699-4340