North Carolina Insurance Commissioner Jim Long announced that a cease and desist order—levying two fines worth $390,000—was issued against American Benefits and Insurance Services Inc. of Salt Lake City. According to the order, American Benefits provided workers’ compensation coverage for …
Nuts & Bolts: The Hartford Financial Service Group Inc. introduced a homeowners’ insurance program designed to meet the changing coverage needs of families over their lifetime. Highlights of the Hartford’s new homeowners plan are: broadened eligibility, including homeowners with no …
Former Speaker of the House Tip O’Neill once famously said, “All politics is local.” The same could be said for the insurance industry—insurance coverage is definitely local. In addition, there continues to be a shift of business within the independent …
North Carolina Insurance Commissioner Jim Long announced that a cease and desist order – levying two fines worth $390,000 – was issued against American Benefits and Insurance Services Inc. of Salt Lake City. According to the order, American Benefits allegedly …
Raleigh-based First Citizens Bank has hired Carl Inman as manager of the company’s property and casualty insurance division. He most recently served as vice president of operations with the Independent Insurance Agents of North Carolina Inc., where he managed the …
North Carolina-based mortgage insurer Triad Guaranty Inc. announced that its subsidiary, Triad Guaranty Insurance Corporation, has received affirmation of its ‘AA” counterparty credit and financial strength rating from Standard & Poor’s Ratings Services. “Triad’s very strong capital adequacy and operating …
Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), one of the nation’s largest independent wholesale insurance broker, has announced the appointment of Stephen J. Vaccaro Jr. as president of its specialty underwriting division. In this newly created position Vaccaro will work …
The American Medical Association is maintaining that Massachusetts has become the 20th state in a “full-blown medical liability crisis” due to its deteriorating medical liability climate and the growing threat of patients’ losing access to care. “The AMA is disheartened …
North Carolina Gov. Mike Easley has declared a state of disaster and emergency for Bolton, Lake Waccamaw, Chadbourn, Tabor City, Fair Bluff and Whiteville due to a Jan. 26-27 ice storm. The towns qualify for a Type 1 Disaster Declaration …
North Carolina Insurance Commissioner Jim Long announced Gevedon Insurance Agency, of Columbus, is currently under criminal investigation for numerous charges of alleged embezzlement. Polk County Sheriff’s Department and Columbus Police Department have been brought in to work with the North …
