North Carolina News

My New Markets

Agents E&O Nuts & Bolts: Market Scout is offering a broad coverage form from three different “A” rated carriers. Each insurer has agreed to provide up to 25 percent discounts for agencies that have 40 percent of their professional staff …

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. Home Fuel Oil Delivery Nuts & Bolts: International Excess of Pittsburgh is offering coverage for …

My New Markets

Home Fuel Oil Delivery Nuts & Bolts: International Excess of Pittsburgh is offering coverage for propane, petroleum and fuel oil distributors. Coverages includes property, inland, commercial general liability, business auto and umbrella liability. p:Dollars: Up to $5 million. p:Carrier: Rated …

Hurricane Noel, Season’s Deadliest Storm, Moving up East Coast

U.S. forecasters have issued an advisory for Noel, now a Category 1 hurricane and this season’s most dangerous storm, which is moving northward between the southeastern U.S. and Bermuda and growing in size. The National Hurricane Center has advised residents …

Insurance Adjusters Working at Site of N.C. Beach House Fire

The mayor of Ocean Isle Beach says insurance adjusters are on site at the scene of a burned-out North Carolina beach house where seven college students died. Mayor Debbie Smith says the town will keep a police officer posted at …

Tapco Offers Specialty Contractors Program in California

Burlington, N.C.-based Tapco Insurance Services Inc. has introduced a specialty contractors program, offering monoline general liability coverages in California. Tapco opened its California location in Los Angeles on Sept. 17, 2007. The program’s target market is specialty contractors, including artisans …

Gov. Wants More Help for N.C. Farmers Suffering from Drought

North Carolina field crops are predicted to suffer great losses as a result of the state’s drought conditions. Soybean yields are projected to be at 20 bushels per acre, which will be the lowest yield since 1983. Peanut yields are …

Ratings Roundup: Doctors Company, Old Republic Financial, 21st Century

A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of California-based The Doctors Company Insurance Group (TDCG) and its members, which is led by The Doctors Company, …

3 Jacksonville, N.C., Women Arrested on Allegations of Insurance Fraud

North Carolina Insurance Department enforcement officials arrested three Jacksonville women on charges stemming from allegations that they were involved in a drunk driving accident and falsified an auto insurance claim worth almost $3,600. Kathleen Ann Schuckers, 55, was arrested for …

Workers’ Comp Costs to Rise 1.6 Percent in N.C. Voluntary Market

A settlement agreement between the North Carolina Department of Insurance and the North Carolina Rate Bureau, the organization that represents the state’s workers’ compensation insurance companies, will raise loss costs by 1.6 percent in the voluntary market. The deal has …