LIQUIDATION ORDER
GO Insurance Company ("GO"), f/k/a Peachtree Casualty Insurance Company, was found to be insolvent and placed into liquidation by an Oklahoma court on March 8, 2024. The ORDER OF LIQUIDATION WITH A FINDING OF INSOLVENCY ("the Order") may be viewed here. The Order triggered TPCIGA's statutory obligations to Texas policyholders and claimants under TEX. INS. CODE chapter 462, known as the Guaranty Act.
The Order permanently enjoins all persons, including policyholders and creditors, from instituting or further prosecuting any action against GO except within the liquidation proceedings. In addition, the Texas Guaranty Act imposes an automatic six-
CANCELLATION OF POLICIES
The Order cancels all in-
NEW AND PENDING LOSS CLAIMS INFORMATION
New claims should be reported to GO in the same manner as before liquidation. You may utilize the app, online at www.gocarinsurance.com, or call (832) 270-
TPCIGA is working with the Oklahoma receiver to arrange for transfer of the Texas claims to TPCIGA for handling. Policyholders and claimants are requested to forgo contacting TPCIGA on non-
If you have insurance through another carrier, including uninsured motorists' coverage or health insurance, that insurance is now primary, and you should contact your carrier to make a claim. All forms of other available insurance must be exhausted before TPCIGA can consider payment of your claim.
If your vehicle needs repairs or is presently in the repair shop, and your claim is against an insured of GO, you should proceed under your own collision or uninsured motorist coverage and seek reimbursement of your deductible from TPCIGA. If you are an insured with a property damage claim and your car is undriveable and/or in the shop, we will attempt to prioritize your claim.
LAWSUITS AND STAY OF LITIGATION
Litigation against GO is permanently enjoined by the Order. Any pending or new lawsuit in which GO is obligated to defend a party is automatically stayed for a period of six months from the date of the liquidation order, or until September 8, 2024, pursuant to TEX. INS. CODE §462.309. The statute of limitations is not tolled by the automatic stay.
PRIOR OR PENDING SETTLEMENTS
TPCIGA is not bound by a settlement or release entered into by GO or its insureds, and such a settlement is not evidence of liability or damages against TPCIGA or an insured. TEX. INS. CODE §462.303. TPCIGA is obligated to review all claims to determine the extent to which they may be payable under the Guaranty Act.
UNEARNED PREMIUM
Claims for unearned premium will be processed as soon as possible after TPCIGA receives all necessary financial information from the receiver. It is not necessary to file a claim with TPCIGA for your unearned premium.
LIQUIDATOR CONTACT INFORMATION
The Oklahoma Assistant Receiver's Office will administer the liquidation estate on behalf of the Oklahoma Commissioner of Insurance, the statutory receiver. You may visit its website at https://okaro.org or the Receiver's contact information below:
Donna L. Wilson
Assistant Receiver
3613 NW 56th St., Ste. 330
Oklahoma City, OK 73112
Phone: (405) 947-
Email: oro.goi@okaro.org
The deadline for filing claims with the GO receivership estate is September 4, 2024.
Information as of 03/21/2024
GO INSURANCE COMPANY
Information on this site is not legal advice and is not intended to be a comprehensive statement of the law or of the TPCIGA's policies and procedures. References to the laws of any jurisdiction are for informational purposes only and are not a substitute for the official version of a statute. TPCIGA makes no warranty as to the accuracy or reliability of the content of this website or other related websites.
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