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Guaranty Association Can Get Reimbursement for Deductible

Friday, November 15, 2019 | 261 | 0 | 85 min read

The North Carolina Court of Appeals ruled that the state Insurance Guaranty Association was entitled to reimbursement from an employer for amounts advanced toward the deductible in a now-defunct carrier’s policy. Case: North Carolina Insurance Guaranty Association v. Weathersfield Management LLC, No. COA19-300, 11/05/2019, published. Facts: Weathersfield Management LLC is a regional staffing company that filed for protection under Chapter 13 of the U.S. Bankruptcy Code.  The bankruptcy filing made it difficult for Weathersfield to obtain workers’ compensation insurance...

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