The S.C. Insurance Reserve Fund (IRF) provides property and liability coverage to more than 1,000 state and local government entities in South Carolina. The reports below provide details on payments made by the IRF, including the amounts and reasons for the payments in claims and cases that have been concluded. The Comptroller General's Office is making these IRF reports available as part of its effort to expand the scope of information available on the agency's S.C. Fiscal Transparency Website. Payment information about pending IRF claims and cases is confidential under state law until they are concluded.
Please note: If you would like more information about an IRF settlement or case, please direct your inquiry to the IRF at 803-737-0020.
Frequently Asked Questions
Here is some helpful information about the Insurance Reserve Fund reports:
How are the reports organized? The reports are organized chronologically by the date claims are reported, from oldest to newest. The reports are updated periodically to incorporate new information.
Why is some information in the reports redacted? This is done so as not to identify the names of minors or describe medical procedures that individuals may have had.
What is the difference in claim identification codes beginning with the letters B, C, D, F, M, P, R, S and T? The letters define what type of claim it is, as follows:
B: Business interruption
C: Comprehensive/collision automobile
D: Data processing
F: Property damage
M: Inland marine
P: Professional liability
R: Builder’s risk
S: School bus
What is “Prepaid Legal” in the “Cause of Claim Description of Claim” column? Prepaid legal is coverage for legal expenses in claims not covered by the IRF; for example, a lawsuit against a state agency alleging improper action in which the plaintiff did not report any monetary damages. The state and local governments purchase this additional coverage in certain amounts
What are paid losses and paid expenses? Paid losses are compensation paid by the IRF for monetary damages sustained. Paid expenses are costs incurred by the IRF such as court filing fees, attorneys’ fees, deposition expenses and expert witness fees.
Do paid expenses include attorneys’ fees? Yes
What does “CV” mean? It appears regularly in the “Cause of Claim Description of Claim” column.It means “claimant’s vehicle.
What does “IV” mean? It appears regularly in the “Cause of Claim Description of Claim” column. It means “insured’s vehicle.”
What do the codes in the “Civil Action #” column represent? Do the codes correspond to publicly available court records? The first two digits signify year (for example, 06 means 2006); “CP” means Court of Common Pleas, which handles civil cases; the two-digit, third set of figures are county numbers (for example, 02 is Aiken County); and the last set of figures is the case number. Case records reside in county clerks of court offices.
Many claims do not have a civil action number. What does this mean? It means that a lawsuit was not filed and the claim was resolved without litigation.