Michael F. Easley, Governor
Buck Lattimore, Chairman

Bernadine S. Ballance, Commissioner
Thomas J. Bolch, Commissioner
Laura K. Mavretic, Commissioner
Renée C. Riggsbee, Commissioner
Christopher Scott, Commissioner
Dianne C. Sellers, Commissioner

North Carolina
Industrial Commission

 

MEMORANDUM

 

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 stay.

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:

William C. Delbridge
North Carolina Insurance Guaranty Association
Post Office Box 176010
Raleigh, NC 27619-0610
919-783-9813
Fax: 919-783-5262.

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 gheen@ind.commerce.state.nc.us. 

The Industrial Commission website (www.comp.state.nc.us) will be updated as more information about the liquidation process becomes available.


N.C. Industrial Commission ·   4340 Mail Service Center ·   Raleigh, NC 27699-4340
Phone:  (919) 807-2500 ·   Fax:  (919) 715-0282
Internet Address:  http://www.ic.nc.gov/