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Employees of Defunct Self-Insurer Can't Get Remedy from Security Fund

By Sherri Okamoto (Legal Reporter)

Thursday, October 8, 2015 | 0

The North Carolina Court of Appeals on Tuesday ruled that a group of 17 workers suffering from the effects of their industrial exposure to asbestos effectively have no legal remedy available to them since their formerly self-insured employer is bankrupt and the state's Self-Insurance Security Association does not have to cover their claims. The association was formed in 1986, after a spate of self-insured trucking companies went under and left several injured employees with no means to get paid for their workers' compensation claims. North Carolina General Statutes Section 97-131(a) ...

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