North Carolina News

Stone Oak Underwriters to Provide Public Officials E&O, EPLI and Law Enforcement Liability for Public Entities

San Antonio, TX – Stone Oak Underwriters, LLC, of San Antonio, Texas has entered into a Program Administrators agreement with Berkley Underwriting Partners, LLC, to provide Public Officials E&O, EPLI and Law Enforcement Liability coverage for Public Entities through Independent …

Stone Oak Underwriters Adds PL Products for Public Entities

Stone Oak Underwriters, LLC, of San Antonio, Texas, announced it has entered into a program administrators agreement with Berkley Underwriting Partners LLC, to provide public officials E&O, EPLI and law enforcement liability coverage for public entities through independent insurance agents. …

Eight States Targeted For Smart Choice® Expansion

Greensboro, North Carolina – The Smart Choice® Agents Program, which currently serves more than 2,100 independent agencies in 18 states, has announced plans to expand the program in eight states this year. According to President and CEO Douglas S. Witcher, …

Texas Workers’ Comp Commissioner Approves 11 Firms to Self-Insure

Texas Commissioner of Workers’ Compensation Albert Betts recently approved the reapplications for Certificates of Authority to Self-Insure covering a one-year period for 11 private employers. Texas law allows certain large, private employers to self-insure for their workers’ compensation liabilities, while …

N.C. Police Take Thousands of License Plates From Uninsured Drivers

At least 5,300 cars across North Carolina have had their tags taken away by police and deputies empowered by a new law to confiscate the plates of uninsured vehicles. The law that took effect Dec. 1 gave local law enforcement …

What lies beneath the surface of a yacht policy?

Although no standard such as ISO exists for the yacht insurance industry assuring consistency from carrier to carrier, most policies offered by domestic carriers have become fairly consistent in their coverage offering. Common coverage such as hull, protection and indemnity, …

New Markets

Non-franchised Auto DealersNuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …

WHEN THE NONPROFIT

While nobody wants to report a loss, there are several insurers that are not bothered if they don’t report a profit. They serve the nonprofit market and are themselves nonprofit organizations. One of the nonprofit insurers in the market is …

New Markets

Universal ExcessNuts & Bolts: The Hartford Financial Services Group Inc. introduced Universal Excess, a new excess insurance policy that fits firmly over directors and officers, fiduciary, employment practice, miscellaneous professional and tech errors and omissions products issued by any insurer. …

When the nonprofit insurer is itself a nonprofit

Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination of these forces for erasing net gain. …