High Court Rules Net-Worth Test Applies to County in SEUS Case

By Michael Whiteley, Eastern Bureau ChiefThe Georgia Supreme Court ruled that the state Insurers Insolvency Pool is not required to pay for a county's workers' compensation claims in the wake of the 2009 collapse of Southeastern U.S. Insurance Co. (SEUS).The high court, in a decision released Monday, upheld a 2011 ruling by a DeKalb County Superior Court Judge that Lumpkin County, Ga., has net assets of $66.8 million. Official Code of Georgia 33-36-3 precludes the Insolvency Pool from paying any third-party claims for any insured with a net worth of more than $25 million.The county, al...