|Michael F. Easley, Governor
Buck Lattimore, Chairman
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: April 23, 2003
RE: Reciprocal of America
We have been informed that Reciprocal of America, a Virginia insurance company, has been placed into receivership by the Circuit Court of the City of Richmond, Commonwealth of Virginia, ex rel. State corporation Commission v. Reciprocal of America, The Reciprocal Group, and Jody M. Wagner, Treasurer of Virginia. Reciprocal of America issued workers’ compensation insurance policies in the State of North Carolina.
The best available information suggests that approximately 500 potential
claims exist in North Carolina. The
Circuit Court of the City of Richmond has issued an Order
permitting Reciprocal of America to continue to pay workers’ compensation
claims. North Carolina claimants should
not experience any disruption in claim payments or processing of claims.
The Industrial Commission will proceed with all claims as in the normal
If any claimant or insured employer should experience any problems with
Reciprocal of America claims, questions should be directed to:
Stephen T. Gheen, Chief Deputy Commissioner, (919) 807-2540 or email@example.com.
Communication by e-mail is requested if possible, though not required.
The Industrial Commission website (www.comp.state.nc.us)
will be updated as needed with additional information.