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First Benefits Insurance Company (FBI) is a newly created mutual insurance company providing workers' comp coverage for North Carolina employers. FBI has evolved from the North Carolina Retail Self Insurance Fund (NCRSIF). Since 1992, NCRSIF, dba CompCarolina, has been providing disciplined underwriting, aggressive claims management,
"A Rated" reinsurance coverage and prudent investing resulting in a gross Premium to Surplus Ratio of 1.75 to 1.
Our claims staff has over 75 years of experience managing claims in North Carolina. Aggressive claims management, coupled with quality medical care has resulted in a company that has consistently outperformed the industry on overall loss ratios for more than 15 years.
The same discipline and performance standards are carried over to FBI, and the conversion to a mutual insurance company means that joint and several liability is now eliminated!
FBI will market workers' comp through a network of independent agents. Our primary focus is on those smaller companies (premium < $10,000 ) who are frequently ignored by the traditional marketplace, but we will also continue our secondary focus on mid-sized business opportunities ($10,000 to $50,000 annualized premium).
We are an organization of dedicated professionals focused on both our agents and our insureds.
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