Southeast News

WV Coal Mine Where Miner Died Had Multiple Safety Violations

CHARLESTON, W.Va. (AP) — A coal mine in West Virginia had a long history of safety violations before a miner was fatally injured this week operating an excavator, according to local news reports. Virgil Paynter, of Lynco, was operating an …

Posh Florida Care Facility to Borrow $260 Million for Expansion

The largest single-site, not-for-profit retirement community in the US is selling municipal bonds to finance an expansion, less than two years after Hurricane Ian caused as much as $85 million of damages. Fort Myers, Florida-based Shell Point Retirement Community plans …

Markets/Coverages: Lockton Caribbean & Central America Launches Food, Agriculture & Beverage Broking Practice

Lockton Caribbean & Central America (CCA) announced the launch of CCA FAB, the insurance broking industry’s first Food, Agriculture & Beverage practice that focuses exclusively on the region. The new Food, Agriculture & Beverage practice will deliver tailor-made insurance solutions …

Florida Agents Will Soon Need Three Appointments Before Selling Citizens

Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies for the state-created Citizens Property Insurance Corp. That’s the mandate laid down by Florida House Bill 1503, signed into law …

Drone Pilot Can’t Do Mapping Without North Carolina Surveyor’s License, Court Says

RALEIGH, N.C. (AP) — A North Carolina board that regulates land surveyors didn’t violate a drone photography pilot’s constitutional rights when it told him to stop advertising and offering aerial map services because he lacked a state license, a federal …

NormanMax Launches 1st Nat Cat Parametric Lloyd’s Syndicate, Managed by Apollo

NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has launched Lloyd’s Syndicate 3939, in partnership with third-party managing agent Apollo. NormanMax Syndicate 3939 is the first syndicate to focuse on natural catastrophe parametric re/insurance products for hurricane, tropical cyclone, …

NC Captive Feud: Sherbrooke Says Managers Took Funds, Stole Risk-Gauging Software

North Carolina regulators last month announced that the state is now the third-largest domicile for captive insurance companies with more than 311 captive firms in the state, thanks in part to favorable premium tax rates, fees and capital requirements. But …

Liberty Co. Adds Ayers Brackfield Insurance in Tennessee

The Liberty Co. insurance brokers, based in Gainesville, Florida, continues its expansion with the addition of Ayers Brackfield Insurance in Knoxville, Tennessee. ABI, in business since 1992, has operated in 18 states, offering personal and commercial lines of insurance products, …

Georgia Statute of Limitations Not Automatically Tolled in Negligent Security Cases

Insurers covering property in Georgia could be on the hook for personal injuries occurring on the premises if the property owners and property managers do not fulfill their duty to exercise ordinary care in keeping their premises and approaches safe, …

Couple Staged Half Million Dollar Fraud Against Theater Nonprofit, Insurer Claims

Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a half million dollars in unauthorized personal expenditures over …

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