Insurance companies value the personal knowledge of customers that independent agents have and sometimes this point-of-sale personal touch can override even the most sophisticated of rating technology, according to a leading insurance executive. “The best way for a consumer to …
When I stepped from the hot sunshine and left the traffic speeding along Sarasota, Fla.’s busy Bee Ridge Road into Al Purmort Insurance Agency Inc.’s cool air-conditioned lobby, it was like taking a step back to the early 20th century. …
Nuts & Bolts: ISO introduced a new insurance program to protect financial institutions from employee dishonesty, forgery, computer crime, kidnap and ransom, and safe-deposit liability. The program includes policy forms and endorsements, underwriting rules, loss costs (projections of future claims) …
Palmer & Cay Inc., a Savannah, Ga.-based insurance brokerage and benefits consulting firm with $150 million in annual revenues has been acquired by Wachovia, Corp. of Charlotte, N.C. As a result of the acquisition, Wachovia Insurance Services will now have …
More than 100 independent insurance agents are expected to visit the North Carolina capitol during the May 16-17 Agency Management and Technology Conference sponsored by the Independent Insurance Agents of North Carolina at the McKimmon Center in Raleigh. “This year’s …
The Independent Insurance Agents & Brokers of America (the Big “I”) and its political action committee, InsurPac, honored two individuals and two state-level associations for their fundraising efforts in 2004. The presentations occurred during the 29th annual Big “I” National …
Fifty North Carolina counties declared disasters areas after storms swept through the state last year will open centers today to help people still recovering from the damage. State lawmakers have agreed to provide $247 million in disaster relief. The centers …
A chiropractor who operated clinics in Greenville and Raleigh, N.C. has been sentenced to 28 months in prison and ordered to pay $372,000 to insurance companies he reportedly defrauded in a billing scam. Steven Ira Cohen, 52, was handcuffed by …
The Independent Insurance Agents of North Carolina announced that North Carolina will host the National Trusted Choice Big I Junior Classic in 2008. This prestigious tournament will be hosted at the Country Club of North Carolina in Pinehurst. As junior …
Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates set for September. This announcement came after the North Carolina Rate Bureau, an independent organization that represents all auto insurance companies in the state, filed for …
