North Carolina News

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Monoline Energy Nuts & Bolts: MarketScout, the Dallas-based eInsurance Exchange, has launched an exclusive Monoline Energy Workers’ Compensation program. The facility accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory …

People

Argonaut Group Inc., based in San Antonio, reported that Gregory M. Vezzosi has joined the organization as executive vice president and chief operating officer. Vezzosi will report to Mark E. Watson III, president and chief executive officer, who explained that …

Ark. Commissioner Elected Officer at NAIC

Arkansas Insurance Commissioner Julie Benafield Bowman has been elected Secretary-Treasurer of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC), her office announced. Becoming an officer of the Zone elevates Bowman to the Executive Committee of the NAIC. …

Regulators Name 2007 Key Committee Chairs

The National Association of Insurance Commissioners (NAIC) today named its 2007 Committee chairs and vice chairs. The NAIC officers, most immediate past president and zone representatives met earlier this month to make assignments based on the preferences submitted by the …

N.C. Will See a 5.4% Average Increase in Homeowners Insurance

North Carolina Insurance Commissioner Jim Long has approved an average 5.4 percent increase in homeowners insurance rates beginning May 1. Long said the “increase is significantly lower than what companies originally asked for.” He said that the rising cost of …

Producer School Returns to Sacramento in March

The Ultimate Producer School presented by Agency Management Resource Group, starts in March in Sacramento, Calif. The school is especially designed for the recently licensed producer or those transitioning into commercial sales to provide sales training with commercial coverage information. …

Ky. Plane Crash Details Could Boost Case for Punitive Damages

When Comair Flight 5191 crashed shortly on takeoff in August at Kentucky’s Blue Grass Airport , the parents of 16-year-old Paige Winters thought she died instantly. Documents released this week show a contributing factor in Winters’ death was smoke inhalation …

Mich. Becomes 29th State to Join Interstate Compact

Michigan Governor Jennifer M. Granholm has signed legislation permiting Michigan to join the Interstate Insurance Product Regulation Compact Commission, making Michigan the 29th state to join the Commission. Created through the National Association of Insurance Commissioners, the Commission provides participating …

Police Increase Patrols as Fires Hit 2 Churches in N.C.

Police increased their patrols of churches across the city after fires broke out at two Baptist churches during the night and a break-in was discovered at a third — all within an hour. “We’re going to be highly visible at …

U.S. Cities to Receive $445 Million to Protect Against Terror Attacks

Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff announced this week. Recipients will have to …