North Carolina News

Leading Insurance Educator Named to Advisory Board of LMC Capital

Dr. David D. Wood, the Joseph F. Freeman Distinguished Professor of Insurance at Appalachian State University and a nationally recognized expert in the areas of agency operations and valuations, has been appointed to the Advisory Board of LMC Capital LLC, …

People & Places

David L. Bowlin Memphis, Tenn.-based Regions Fin-ancial Corporation named David L. Bowlin president and CEO of its new Regions Insurance Group Inc., the corporate parent for all of its insurance operating subsidiaries. Other members of the Regions Insurance Group team …

Recreational Watercraft

Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable, “A,” admitted. …

Graduated Licensing Laws Reduce S.C. Teen Crashes

South Carolina’s teenage drivers were involved in fewer car crashes during the past four years according to Russ Rader, a spokesman for the Insurance Institute for Highway Safety. The institute compares the effect of the nation’s driving laws on youth …

N.C. GOV. APPROVES $90M FOR HURRICANE RELIEF:

North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response to the task force’s recommendations …

QUAKER SR SELLS SE WHOLESALE BROKERAGE:

Quaker Special Risk (QSR), of Sea Girt, N.J., excess and surplus lines insurance brokers exclusively serving retail brokers since 1960, has sold its southeast wholesale brokerage office to Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS). The decision was described by …

World Responds to Asia’s Aid Call

Just as the disaster that struck 12 countries around the Indian Ocean was unprecedented, so too has been the response from around the world to the calls for help. Private citizens, companies and the World Bank have already collected over …

Worldwide Response to Asia’s Agony; Calls for Donations

As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever mounted. The precise death …

Melting Snow, Ice Increase Claims in Ohio, Kentucky, North Carolina

The Kentucky Insurance Commission estimates damages of from $400,000 to $500,000 in losses due to last week’s winter storms and warmer temperatures this week. An unusual amount of snow and ice, high winds and inclement weather encountered last week in …

Consumers Warned Over Alleged Loan, Insurance Scam by Jefferson Financial, Watermark Insurance

The Vermont Department of Banking, Insurance, Securities and Health Care Administration and the nation’s Better Business Bureaus have issued consumer advisories against companies going by the names Watermark Insurance, Inc. and Jefferson Financial Corp. among others. According to Ken McGuckin, …