North Carolina News

My New Markets

Allied Health Care Nuts & Bolts: Travis-Pedersen Associates, Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to a …

Declarations

Declarations Furious pace “Despite the well-known vulnerability to hurricanes and rapidly escalating property values, coastal development in vulnerable areas continues at a furious pace. Adding billions of dollars in new insured exposure will further burden Florida’s already precarious property insurance …

Business Moves

United Heritage, Alliance Mutual Insurance Alliance Mutual Insurance Co., headquartered in Greensboro, N.C., and United Heritage Financial Group Inc., based in Meridian, Idaho, have reached a preliminary agreement under which United Heritage will acquire Alliance. Alliance, founded in 1976, is …

Figures

$10 million The insurance limit of the Lloyd’s of London policy covering the smile of America Ferrara, star of the TV show “Ugly Betty.” 79.97% The independent agency system’s commercial lines market share in 2005, according the annual report from …

N.C. trial lawyers hit medical malpractice rates

An association of trial lawyers has accused North Carolina’s largest medical malpractice insurer of violating state law by charging doctors excessive rates, but the company said its rates are reasonable. The North Carolina Academy of Trial Lawyers is pushing for …

My New Markets

Allied Medical Organizations PL/GL Nuts & Bolts: Travis-Pedersen Associates Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to …

Business Moves

Alleghany, Employers Direct New York-based Alleghany Corp. agreed to purchase the outstanding shares of California-based Employers Direct Corp. for $195 million in cash. EDC, which was founded in 2002, is an insurance holding company based in Agoura Hills, Calif. Through …

2007 Property/Casualty State Specialist Insurers

1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty Insurance FL 371,755 6 Physicians Reciprocal …

Declarations

Furious pace “Despite the well-known vulnerability to hurricanes and rapidly escalating property values, coastal development in vulnerable areas continues at a furious pace. Adding billions of dollars in new insured exposure will further burden Florida’s already precarious property insurance market.” …

Graham, DeMint Support S.C. Disaster Declaration Request

U.S. Sens. Lindsey Graham and Jim DeMint have joined Gov. Mark Sanford in asking for a disaster declaration after last month’s late freeze ruined much of South Carolina’s peach, wheat and other crops. Officials estimate the April freeze damaged at …