|Michael F. Easley, Governor
Buck Lattimore, Chairman
Thomas J. Bolch, Commissioner
Laura K. Mavretic, Commissioner
Christopher Scott, Commissioner
Dianne C. Sellers, Commissioner
Pamela T. Young, Commissioner
TO: All Interested Parties
FROM: Chairman Buck Lattimore
DATE: August 23, 2004
RE: Casualty Reciprocal Exchange
We have been informed that Casualty Reciprocal Exchangewas ordered Liquidated, effective August 18, 2004. Casualty Reciprocal Exchange issued workers’ compensation insurance policies in the State of North Carolina.
The best available information suggests that approximately 75 potential
claims exist in North Carolina.
The North Carolina Insurance
Guaranty Association, (NCIGA) will begin processing and paying "covered
claims" as required by North Carolina law. In anticipation of activation of
the NCIGA, they have started the process of securing claim files and related
Pursuant to N.C.
Gen. Stat. §58-48-85, proceedings in Casualty Reciprocal Exchange cases are
stayed in the Deputy Commissioner Section of the Industrial Commission for 120
days. Any party to any proceeding that is stayed may, upon application and
notice, seek a vacation or modification of such stay in an individual case.
Motions for relief from stay for all cases at the Deputy Commissioner level of
the Industrial Commission should be addressed to Chief Deputy Commissioner
Stephen Gheen and served upon the NCIGA. Motions to vacate a stay for cases at
the Full Commission level of the Industrial Commission should be directed to Mr.
Phillip Hopkins, Docket Director.
contact for the NCIGA is:
William C. Delbridge
North Carolina Insurance Guaranty Association
Post Office Box 176010
Raleigh, NC 27619-0610
Phone: (919) 783-9813
Fax: (919) 783-5262
If any claimant or insured employer should experience any problems with
Casualty Reciprocal Exchange 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.