North Carolina News

Tropical Storm Hermine Heads for Northeastern U.S.

Although Tropical Storm Hermine is currently around 450 miles (720 kms.) off the coast of North Carolina, its projected path puts it on a course for the Northeastern U.S. by later this week. Hermine isn’t a hurricane, but it still …

S.C Hit by Tropical Storm Gaston

South Carolina residents steeled themselves for a battering early Sunday as Tropical Storm Gaston, just under hurricane strength, picked up speed as it spun toward the South Carolina coast. Mayor Joseph P. Riley Jr., who led Charleston’s recovery after it …

CitiGroup, Wells Fargo and BB&T Lead Bank Holding Cos. in Insurance Brokerage Fee Income

CitiGroup (New York, N.Y.), Wells Fargo & Company (San Francisco, Calif.), and BB&T Corporation (Charlotte, N.C.) lead bank holding companies in insurance brokerage fee income year-to-date through June 30, 2004, according to Michael White Associates LLC (MWA). These findings are …

RLI, CFC, Midland Issue Charley Loss Estimates

Two Cincinnati insurers and Peoria, Ill.-based RLI issued preliminary loss estimates relating to Hurricane Charley, which swept across portions of the Southeastern United States nearly two weeks ago. Cincinnati Financial Corp. announced a preliminary estimate of about $25 million for …

ISO: Insurers to Pay Estimated $6.8 Billion on Charley

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $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 Category 4 hurricane, smashed through …

MedRisk to Move Headquarters; Appoints Weir as CFO

Pennsylvania-based MedRisk Inc., which provides specialty managed care and claims workflow management services to the workers’ compensation industry, announced plans to move its corporate headquarters to a larger space. In addition, the company reported that Thomas H. Weir, III, CPA …

TV’s ‘Apprentice’ Now Life Insurance Star

Kwame Jackson, star of last season’s hit reality show The Apprentice, is giving Americans a dose of reality about the pivotal role life insurance can play in safeguarding a family’s finances and future plans. Jackson will serve as a spokesperson …

Homeowners in Hurricane Paths Hit with High Insurance Costs

Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s pushing them out, but soaring …

Venture Programs Adds New Restaurant Package

Venture Programs, Inc. has announced that it has added a restaurant package through Alea North America Insurance Company to its Venture Hospitality program. The restaurant package includes property, general liability, liquor liability, automobile, inland marine and crime. It is available …

Nationwide Estimates $400 M in Losses from Charley