North Carolina News

American Excess Announces 100 Percent Retention

The American Excess Insurance Exchange has achieved 100 percent renewal retention for the fifth year in a row. Managed by Charlotte, N.C.-based Premier Insurance Management Services Inc. , AEIX provides excess professional and general liability insurance to not-for-profit hospitals and …

Business Moves

Miller & Miller, Keystone Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own Keystone. Established in …

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. Contractors Preferred Program Market Detail: Tangram Consulting and Underwriting Services Contractors Preferred Program is a …

Earl Weakens; Latest Advisories from National Hurricane Center

A “larger but weaker” Hurricane Earl is heading for southeastern New England, the National Hurricane Center reported at 11 a.m. EST. The center discontinued its hurricane warning for North Carolina, replacing it with a tropical storm warning north of Ocracoke. …

Earl Weakens, Pounds North Carolina Islands, Heads for Massachusetts

Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the Category 2 storm appeared to …

AIR Puts Caribbean Islands Earl Insured Losses at $50 to $150 Million

AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million. AIR said the “estimate includes wind damage to insured onshore properties in …

North Carolina Commissioner Urges Preparation

With Hurricane Earl on a path to skim the barrier islands and the coast of North Carolina beginning this evening, state Insurance Commissioner Wayne Goodwin is reminding all North Carolinians to take precautions before the storm’s arrival. “Hurricanes can affect …

Hurricane Preparations Intense, Weather Calm

On Thursday, with Hurricane Earl about 250 miles to the south, and on a trajectory to skim the coast of North Carolina, Larry Whitt of Outer Banks Insurance said the sun was shining in Kill Devil Hills. There was no …

FEMA, East Coast States Ready for Earl

As Hurricane Earl prepares to approach North Carolina tonight, the Federal Emergency Management Agency (FEMA) says it is preparing for the storm and supporting state and local officials along the East Coast as they work to protect their communities. FEMA …

Reinsurers Under Pressure from Low Premiums, Catastrophes: Fitch

The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset low premiums, Fitch Ratings said, as Hurricane Earl threatens to hit land. As Earl lingers as …