North Carolina News

State Farm Goes Hollywood with Sponsorship of Major Film Production

Bloomington-Ill.-based State Farm Insurance has announced that it is the first property and casualty insurer to be a sponsor of a major film promotion. State Farm will play a major role in introducing the public to CARS, the latest movie …

Public Entity Business Product Introduced in S.E.

A new public entity business product to provide workers’ compensation for cities, towns, counties, and water and sewer districts has been announced by Key Risk Insurance Company. Coverage is available in North Carolina, Georgia, Tennessee and Virginia. The program is …

Insurance Journal Reports on How Zurich Pacts Affect Agents; Promise of Mid-Sized D&O Market

Independent agents representing Zurich Insurance in the U.S. will have to disclose their income before binding any commercial lines policies for Zurich and some Zurich agents may be denied contingency compensation under the conditions of recent class action settlements. The …

Commissioner Long calls for strengthening N.C. building codes

Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been sent to a state committee studying disaster management. Insurance Commissioner Jim Long petitioned the Joint Study Committee on Energy Preparedness and Dis-aster Management Re-covery Sub-committee …

Downsized D & O

It hasn’t been healthy. In fact, the directors and officers liability insurance market for super-sized Enrons, WorldComs and the Fortune 1000 has been unhealthy for some time. Looking at the market’s performance, Marc Siegel, director of research for the Baltimore …

New Markets

Commercial risks catastrophe cover Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique underwriting requirements …

New Markets

New Markets Commercial risks catastrophe cover Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique …

Commissioner Long calls for strengthening N.C. building codes

North Carolina officials believe tougher and better building codes are essential to protect property along the coast and safeguard the state’s strong property insurance market. News Currents Tougher building code standards aimed at reducing future hurricane damage in North Carolina …

8 Poe/Southern Family changes its Florida underwriting

Won’t renew or insure new homeowners of commercial policies 8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer 8 Florida AG files complaint against Marsh Crist alleges illegal manipulation of markets N1 Consumer group …

New Markets

Homeowners – TexasNuts & Bolts: Arrowhead General Insurance Agency Inc., based in San Diego, Calif., is rolling out a new homeowners program in Texas. Coverage highlights in-clude: Specified additional amount of insurance–Coverage A–allows up to 25 percent additional coverage in …