E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From coast-to-coast the E&S industry is going back to …
Standard & Poor’s Ratings Services assigned its ‘R’ financial strength rating to State Capital Insurance Co. An insurer rated ‘R’ is under regulatory supervision, owing to its financial condition. The action was taken after the North Carolina Insurance Department ordered …
Investigators have been assigned by Commissioner Jim Long of the North Carolina Department of Insurance Commissioner to take a closer look at possible bid-rigging by insurance companies and brokers. Last October the department contacted more than 6,000 insurance agencies and …
Independent Insurance Agents of San Antonio will present a special seminar Feb. 23, 2005, on “The Additional Insured” and “CGL Policy: Critical Changes.” The instructor for the two-part seminar is R. Bryan Tilden of Tilden and Associates, Pittsboro, N.C. In …
A class-action lawsuit filed in North Carolina’s Guilford Superior Court claims that Hix Insurance of Greensboro, S.C., misled thousands of North Carolina customers, especially Latinos, into unknowingly buying motor club memberships with automobile liability and workers’ compensation coverage. Hix has …
Dr. David D. Wood Charlotte, N.C.-based insurance investment banking firm LMC Capital LLC has named Dr. David D. Wood to its advisory board. Wood, the Joseph F. Freeman Distinguished Professor of Insurance at Appalachian State University, has received ASU service …
Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who didn’t sell most likely were making too much money at the time or …
North Carolina state insurance regulators are investigating whether as many as 10 insurance companies conspired in a price-fixing scheme. The Insurance Department is examining the companies after contacting about 1,400 insurance providers and 4,000 licensed brokers in the fall. The …
Nationwide driver’s license regulation changes which took place as a result of the death of a teenage driver in Florida have resulted in a reduction in the number of automobile deaths caused by teenage drivers according to the Insurance Institute …
Safety National Casualty Corp., an excess workers’ compensation insurer based in Missouri, has suspended two of its employees for past insurance solicitation practices involving Marsh & McLennan. The action came after an internal investigation by Safety’s parent, Delphi Financial Group …
