North Carolina News

My New Markets

Nursing Home Liability Nuts & Bolts: Quadrant Insurance Managers, a national management general agency, has expanded its nursing home liability product into Texas. This product offers professional and general liability coverage to Texas and Florida nursing homes (skilled nursing facilities); …

My New Markets

Wedding Insurance Nuts & Bolts: Travelers recently launched Wedding Protector Plan, which provides coverage with no deductible for a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and …

Where can the agricultural producer turn for economic relief?

In the wake of the devastating January 2007 agricultural events, including the citrus freeze in California and the Colorado livestock blizzard, farmers and ranchers are looking for answers — hard answers dealing with their economic survival. In California alone, damage …

One At Large in N.C. Insurance Fraud Case, One Arrested

North Carolina investigators are searching for an alleged co-conspirator in a staged auto accident fraud scheme. Assia Benabbou, 31, of 3101 Exacta Ln., Raleigh, N.C., was arrested on charges of obtaining property under false pretense in an insurance fraud case. …

Royal & Sun Management Team Completes Buyout of U.S. Businesses

Arrowpoint Capital Corp. has completed the acquisition of all Royal & SunAlliance USA businesses formerly owned by Royal & Sun Alliance Insurance Group plc of London. Arrowpoint Capital Corp. was formed in June 2006 by the senior management and outside …

FDA Warns Against Eating Raw Texas Oysters After Virus Outbreak

The Food and Drug Administration says consumers should avoid eating raw oysters harvested from San Antonio Bay in Texas because more than two dozen people in Maryland became ill last month. The FDA said 25 people developed nausea, vomiting, diarrhea …

N.C. House Panel Advances High Risk Pool Measure

A bill that would create a special health insurance pool for chronically ill people who aren’t insured or can’t afford coverage is getting another airing in the North Carolina Legislature. The measure won approval on Tuesday from the House Health …

State Farm Announces $1.2 Billion Mutual Auto Policyholder Dividend

Court Throws Out “Light” Cigarette Law Suits in La., Ill.

Suits filed against two cigarette makers over the marketing of “light” cigarettes have been thrown out by a federal appeals court. Earlier this month, a three-judge panel of the 5th U.S. Circuit Court of Appeals dismissed the 2003 suits filed …

New Markets

Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …