Several southeast states, including Florida, Alabama and North Carolina are trying to ferret out brokerages and other firms engaged in bid rigging, price-fixing and anti-trust activities. They are eyeing commercial group accounts; property and casualty insurance transactions; life and health …
North Carolina Insurance Commissioner Jim Long announced a voluntary settlement agreement between the North Carolina Department of Insurance (NCDOI) and two companies, United Healthcare of North Carolina Inc. (an HMO) and United HealthCare Insurance Company. The settlement comes after NCDOI …
A National Association of Insurance Commissioners report comparing auto insurance rates in all 50 states and the District of Columbia found that North Carolina ranks eighth in the nation for the lowest rates. This is an improvement over the ninth-lowest …
The vote tallies in the presidential and congressional races suggest this is a blue region (with the exception of Virginia) but that is probably not true of the insurance community here or elsewhere. Purple, maybe; blue, doubtful. Blue voters can …
Insurance agencies continued to be picked off at a healthy clip throughout 2004 but experts believe buyers will still be hungry in the new year. Several reports indicate that 2004 announced deals should exceed the number of transactions in 2003. …
While most folks are just happy the political advertisements are gone, Election Day 2004 did provide some results of interest to the insurance industry. President George W. Bush (R) was re-elected for a second term, Republicans gained seats in both …
Six residents in Peeks Creek, N.C. where four people died in a Hurricane Ivan-triggered landslide have hired lawyers to represent them after being denied insurance claims. Fifteen houses were damaged or destroyed in Peeks Creek the night of Sept. 16, …
Venture Programs Inc., (www.ventureprograms.com), a provider in designing, underwriting and administering industry-focused insurance programs, announced two new staff positions at its Southern Region office in Atlanta. Shelley Keenan has joined the company as production underwriter for the Southern Region and …
Nuts & Bolts: Venture Programs Inc. added a restaurant package through Alea North America Insurance Co. to its hospitality program. The restaurant package includes property, general liability, liquor liability, automobile, inland marine and crime. Restaurants insured through Venture hospitality will …
State insurance commissioners in the southeast and across the United States consulted in a conference call the week after New York Attorney Gen-eral Eliot Spitzer made allegations of rigged bids and price-fixing among commercial brokers and insurance companies. During the …
