North Carolina News

N.C. Receives Federal Aid Programs

North Carolina is receiving federal aid programs to help in the aftermath of Tropical Storm Frances. The following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Bush’s major …

LEE, MOON CAPTURE IIAJC TITLES:

Alina Lee, 14, of Evans, Ga., and Ji Ho Moon, 15, of Ellicott City, Md., took the top spots at the 36th annual Independent Insurance Agent Junior Classic (IIAJC), held recently at the Dornick Hills Country Club in Ardmore, Okla. …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

Long-Term Health Care Costs Loom Large for Governors

Soaring health care costs, coupled with the looming retirement of a record 77 million Americans starting in 2011, are casting a shadow of concern over states that worry their public health care systems can’t shoulder the burden of the aging …

ISO: Insurers to Pay Estimated $6.8 Billion on Charley

U.S. property/casualty insurers are expected to pay homeowners and businesses an est-imated $6.8 billion for insured property losses from Hurricane Charley, according to preliminary estimates by ISO’s Property Claim Services (PCS) unit. Hurricane Charley, a Cat-egory 4 hurricane, smashed through …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors’ liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

NORTH CAROLINA GOV. REQUESTS DISASTER DECLARATION FOR PAIR OF COUNTIES FOLLOWING ALEX’S VISIT:

North Carolina Gov. Mike Easley recently sent a letter to the regional director of the Small Business Administration requesting a disaster declaration for residents and business owners in Dare and Hyde counties who suffered damage from Hurricane Alex. If approved, …

U.S. Court Approves $500 Million St. Paul Travelers Asbestos-Related Settlement

National • Aug. 18, 2004 “If you divide the huge sum of money by the number of claimants we arrive at a startling fact: each claimant will receive a whopping $741.67. What has been accomplished? A manufacturer has been forced …

NAMIC Launches Web Site for State Election News

The National Association of Mutual Insurance Companies (NAMIC) has launched a new Web site, www.stateelections2004.com, to help provide insurance professionals with information about this fall’s state elections. The new Web site is similar to one that NAMIC produced to monitor …

FlexBen Now HCap Strategies

Mequon, Wis.-based benefits provider FlexBen Corp. announced it is changing its name and expanding its offerings. The company’s new name is HCap Strategies, reflecting its new emphasis on “human capital” in the Milwaukee-area firm’s clients. Since its inception in 1987, …