Hurricane Isabel was directly or indirectly responsible for 50 deaths nationwide and caused an estimated $170 million of property damage in North Carolina last September. Experts predict 14 named storms and eight hurricanes in the Atlantic basin for 2004. Now …
William Stiglitz The Independent Insurance Agents and Brokers of America‘s board of state directors has nominated William G. Stiglitz III as the association’s president-elect and has elected Alex Soto as the association’s next vice president. Stiglitz will assume his new …
North Carolina Insurance Commissioner Jim Long announced the arrest of Denise Sharon Hargrove, 37, of Raleigh, on charges of insurance fraud. Hargrove allegedly stole nearly $170,000 in fraudulent disability claims from three insurance companies. She was arrested in Raleigh by …
Dale Hammond Florida-based Institute for Business & Home Safety (IBHS) reported that its Board of Directors elected Dale Hammond as chairman. Hammond is president and COO of Kemper Auto and Home, a Unitrin Company, based in Jacksonville, Fla. He was …
North Carolina-based BB&T Insurance Services plans to buy Lexington-based Employee Benefit Services of Kentucky. The acquisition would give BB&T its third Kentucky agency and second in Lexington. BB&T Insurance Services acquired BB&T-Cromwell Insurance of Lexington, one of Kentucky’s oldest and …
Today a class action lawsuit against various insurance companies was filed in United States District Court, Baltimore, Maryland alleging that the insurance companies failed to deliver the promised benefits to thousands of persons who held flood insurance policies and suffered …
The National Flood Insurance Program has completed reviews of the first group of claims review requests received from policyholders who suffered Hurricane Isabel-related damage. As part of the ongoing review, the National Flood Insurance Program’s general adjusters have reviewed 273 …
Workers’ compensation costs per claim in Massachusetts grew for the third straight year, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI found that workers’ compensation costs per claim increased …
Workers’ compensation costs per claim in Illinois are increasing rapidly, driven by higher medical costs per claim and greater use of medical services to treat injured workers, according to the Workers Compensation Research Institute (WCRI). The study of 12 states, …
Recent statistics reportedly show that 41 North Carolina children under the age of 5 died from unintentional injuries in 2002. Among children ages 1 to 4, unintentional injuries were second only to motor vehicle injuries as the leading cause of …
