The North Carolina Legislature has formed a committee to study the North Carolina Insurance Underwriting Association’s (Beach Plan) ability to respond financially to a significant hurricane landfall. State Rep. Bruce Goforth, D-Asheville, co-chair of the House Insurance Committee, said the …
The North Carolina Legislature mandated a committee to study the North Carolina Insurance Underwriting Association’s (Beach Plan) ability to respond financially to a significant hurricane landfall. State Rep. Bruce Goforth, D-Asheville, co-chair of the House Insurance Committee, said the committee …
Insurers are calling upon the the North Carolina Insurance Underwriting Association, known as the Beach Plan, to release its financial information to allow consumers, lawmakers and insurers to begin working on long-term solutions for the state’s homeowners’ insurance system. At …
Retiring Leader Sees Agency Management Education Program at Appalachian State as Top Achievement After 20 years as an advocate for independent agents, Bob Bird, chief executive officer of the Independent Insurance Agents of North Carolina, is stepping down. During this …
Farmers Insurance Group notified its North Carolina agents that the insurer will pull out of the homeowners’ market across the state before year’s end. Independent agent Greg Reeder of Reeder Insurance Services in Mint Hill, N.C., said he recently signed …
Some Lines of Business Down But Not All; More Large Firms Going Directly to Foreign Insurers The people who run the Florida Surplus Lines Service Office are smack dab in the middle of the action and can see better than …
Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for insureds if their admitted insurer goes belly-up. But …
A Georgia association of builders and the insurer that has offered workers’ compensation and general liability insurance exclusively to its members are at odds over the insurer’s attempt to end its exclusive arrangement and affiliate with another association. That move …
Kentucky lawmakers adopted insurance legislation during the 2008 regular legislative session that will affect agents and carriers working in the state. The Insurance Producer Modernization bill (HB 334) allows an agent to receive compensation from an insurer or client for …
State Farm Florida Insurance Co., a Florida-only property insurance company, filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation on July 16. Ed Domansky, spokesperson for the OIR said the state’s first step …
