The request by the North Carolina Rate Bureau to increase auto insurance rates in North Carolina is being closely scrutinized by the North Carolina Department of Insurance according to Chrissy Pearson, a DOI spokeswoman. “It’s the normal thing that happens …
Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of international broker Partners in Cork, Ireland; Mumbai, India; Lima, Peru; Caracas, Venezuela; …
South Carolina Gov. Mark Sanford has chosen Elanor Kitzman, founder and past president of Driver’s Choice Insurance Services, of Columbia to head South Carolina’s Insurance Department. Kitzman has been active in the South Carolina insurance industry, and a member of …
The State Farm Insurance Bank is embroiled in a turf war which pits North Carolina regulators and the federal Office of Thrift Supervision to determine who has jurisdiction over State Farm’s sale of $100,000-plus CDs, known as “Jumbo CDs.” In …
Despite the defeat of a similar bill two years ago in Raleigh, N.C., the Senate is again considering legislation to cap jury awards in medical malpractice lawsuits. Sen. Robert Pittenger, R-Mecklenburg, a cap proponent, said limiting these damages is the …
With damage estimates after last year’s hurricanes approaching $300 million, North Carolina Gov. Mike Easley has asked legislators to approve spending $61 million from the state’s rainy day fund to assist victims in western counties. The governors request to spend …
The North Carolina Department of Insurance has expressed doubts about new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates. NCRB is an independent organization representing auto …
Joe Stewart, an employee of the North Carolina State Treasurer’s office, has resigned to become executive director of the newly-formed Insurance Federation of North Carolina. Stewart has been a long-standing associate and political strategist to State Treasurer Richard Moore and …
The four major hurricanes that severely impacted Florida and other states and preparing for the 2005 hurricane season will be discussed by Max Mayfield, director of the National Hurricane Center, during the Feb. 1 to 4 Sixth Annual Windstorm Insurance …
Industry veteran Ron Friedman, former president and CEO of Group 1 Software has joined the board of advisors of DataDelta Inc. of Greensboro, N.C. Friedman oversaw Group 1’s initial public offering, directed international expansion and acquisitions, and grew annual revenues …
