North Carolina News

Business Moves

CNA CNA Financial Corp. recently announced a restructuring of its Property/Casualty Operations. The Chicago-based insurer said it aims to create a “more streamlined, customer-focused operating structure.” CNA, the country’ s seventh largest commercial insurance writer and the 13th largest P/C …

It Figures

2% Texas has used only 2 percent of more than $500 million in federal aid for homeowners and communities hit by Hurricane Rita more than two years ago, a state audit found. State Auditor John Keel found that more than …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. General Liability – Builders and Subs Market Detail: Beecher Carlson is offering primary and excess …

Residential Woes Continue Over EIFS

‘Synthetic stucco’ still difficult insurance market for contractors despite changes The use of the exterior insulation finishing system (EIFS), also referred to as “synthetic stucco,” in construction is nothing new to commercial or residential builders. EIFS, a multi-layered exterior structure …

N.C. Engineering Firm to be Dropped from Miss. Katrina Insurance Suits

North Carolina-based Forensic Analysis and Engineering Corp., has reached a settlement with lawyers who have filed hundreds of lawsuits against State Farm Insurance Cos. on behalf of policyholders whose claims were denied by the insurer after Hurricane Katrina. Under terms …

Kaufman Financial Group, Burns & Wilcox Add 5 New Vice Presidents

H.W. Kaufman Financial Group/Burns & Wilcox recently announced the promotions of five executives to the position of vice president to support its strategy of growing the company’s national reach. The announcement was made by Chairman, President and CEO Alan Jay …

N.C.’s Operation Slow Down to ‘Crack Down’ on Speeders, Enhance Safety

North Carolina State Highway Patrol and the Governor’s Highway Safety Program are kicking off Operation Slow Down/No Need 2 Speed to catch speeders on North Carolina’s highways. Local law enforcement agencies will join troopers from now through Nov. 25 to …

N.C. Building Code Officials: No Changes Pending

North Carolina State building code officials won’t consider expanding changes to building codes for townhouse soffits unless a report shows it may have been a factor in the beach-house fire that killed seven college students. The North Carolina Building Code …

Agency Ideas Newsletter Introduces New Sales Web Site for Agents

Cary, N.C.-based Agency Ideas, the publisher of Agency Ideas Newsletter, an independent subscription-only sales and marketing newsletter for property/casualty agents, has introduced ProducerIdeas.com, a membership-only Web site that contains a collection of selling ideas and original marketing tools to enhance …

Six Insurers Apply for $34 Million in La. Incentive Grants

Six insurance companies, including two newcomers to Louisiana, have applied for $34 million in matching grants from state government, in a program aimed at getting more insurers to write policies along the coast. Insurance Commissioner Jim Donelon said another insurer …