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CastlePoint National Insurance Company

CastlePoint National Insurance CompanyEffective April 1, 2017, CastlePoint National Insurance Company (“CNIC”) was ordered into receivership for the purposes of liquidation by the Superior Court of the State of California, City and County of San Francisco.

 With the entry of the liquidation order, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) has been activated to help pay outstanding claims for workers’ compensation policies.  The processing and payment of covered claims will be made by FWCIGA.  There is no cap on claims for workers’ compensation benefits.  Claims made under the employers’ liability portion of the workers’ compensation policy are limited to the lesser of policy limits or $300,000.  For more information see the FAQ section of this website or the California Conservation & Liquidation Office website. No claim will be paid in excess of this cap.

 Ten weeks of Workers Compensation indemnity (only) claim benefits are being prepaid by the California liquidator to allow for a smooth transition to FWCIGA.  These payments will be disbursed in two separate installments.

 Claimants who need to check on the status of an existing claim should call FWCIGA’s third party administrator, USIS, Inc. (“USIS”) at (800) 444-9098, extension 531.  Policyholders who need to report a new claim are directed to fax the First Notice of Injury to USIS at fax number (407) 352-5788 or the First Notice of Injury can be scanned and emailed to USIS at claimreporting@usis-tpa.com