North Carolina’s captive insurance program continues to exceed expectations as the program begins its third full year of operation, according to North Carolina Insurance Commissioner Wayne Goodwin. The North Carolina Department of Insurance became authorized to license captive insurance companies …
A record 50,000 South Carolinians sought to either buy guns or carry concealed weapons during December. The statistics came from the FBI criminal background check system, The Post and Courier of Charleston reported. The spike came when President Barack Obama …
World Insurance Associates LLC, an independent agency based in Tinton Falls, New Jersey, announced that it has acquired Alamo Insurance Services Inc. of Toms River, New Jersey. Terms of the transaction were not disclosed. The Alamo Insurance Services acquisition is …
A massive blizzard, unofficially named Winter Storm Jonas by the Weather Channel, swept through the East Coast over the Jan. 23-24 weekend. The storm brought heavy snowfall and blizzard conditions to much of the Mid-Atlantic and Northeast regions. But as …
ISO has launched a management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics products for business and corporate risks. Joining ISO to lead the effort are Stephen Whelan, Michael …
The North Carolina Supreme Court upheld the firings of sheriff’s deputies who declined to donate to their boss’s political campaign, ruling Jan. 26 that they aren’t covered by a state law protecting county workers from political coercion. The justices agreed …
Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer’s chief executive officer was inadequate and that he’s assembling a slate of directors to shake up …
Wallace Welch & Willingham (W3) has promoted Jonathan Hammond to chief operating officer. Hammond began his insurance career with Wallace Welch & Willingham in 2000 as a sales producer. Later, he was promoted to sales manager and earned three designations: …
A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+” of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) in Baton Rouge. The outlook for both …
Hub International Northeast, a division of Hub International Limited, has promoted Steven Guthart to president of Brooklyn, New York, operations. Prior to this new appointment, Guthart was senior vice president with the firm. Holding nearly 30 years of experience in …
